Post
Topic
Board Mining speculation
Topic OP
seeking wisdom to make future predictions.
by
naglis
on 05/01/2014, 12:42:30 UTC
yey. i think im posting in rite section =)

STILL WRITEING THIS THING..

since im not economy doctor i have problems sorting out some things, and even if i try to read, i need some1 to translate what i read to english.

first of all. ASICS is dead thing as i managed to calculate? in thegenesisblock calculator it says if i get ANY miner it wont payback its price. it leads manufacturers to make more powerfull miners, like 100TH (which, if u get on december, wont pay back either). so:

what hash power manufacturers will reach? as i understand its low possibility they will use something smaller than 28nm technologies, which as i saw was 500GH/s per chip. so will they make ASICS with 50 chips?.. (huge stuff..) so, they need something new, or they will stop at certain hash power. predictions?

what will happen if manufacturers quit making mashines? using all what ppl has now, dificulty lvl will increase lil slower than now?


difficulty.
it increases every 2016 blocks. and 1 block must be mined every 600 seconds.
are those 600 seconds final? and EVERY single block in those 2016 will take 600 seconds each to be mined?
if i add 1MTH/s to all mining power what will happen? ill get most of blocks but it will still take 600 sec to mine them?
maybe after new dificultie lvl is adjusted, it takes 600 seconds for 1st block, and rest is mined depending on hash power?


i know its kinda messy, but its much mucm more mixed in my head. hopefully with your answers ill be able to ask more acurate questions.