Re: ANN: BITMAIN has Tested Its 28nm Bitcoin Mining Chip BM1382

At a diff increase of 18%, $.15kwh, 500gh, 400watt the S3 mines less than 1 BTC before it operates in the RED, if it starts mining today. And that is after 179 days of exposure to the risk that the network hash rate won't go ballistic.

There is absolutely no way anyone in their right mind should consider paying 1 BTC for an S3

the difficulty increases are no longer 18%/jump. Its closer to 14%/jump if you average the last 5 or so, and its visibly decreasing. (the network is no longer doubling every month - not sure if anyone noticed it now takes 7-10 weeks per doubling)

We have been blessed with a short respite. It is about to get much much worse.

Here, here! Round 3 of the ASIC race is just getting started. If someone believes we are going to continue in the next few months with only 14% difficulty adjustments, they'd be foolish. And the time will be much shorter than 12 days between adjustments. Many of us have lived through this before and it is going to be brutal.