Quote from: mmeijeri on October 23, 2014, 09:05:28 PM

Quote from: philipma1957 on October 21, 2014, 11:52:32 PM

yep and all the big boys need to do is stand pat and do their best to limit network growth under 3%.

I think you're trying to talk them into something that's good for you, but bad for them.

not really as I do not mine much any more I buy coins.

today coins dropped to about 350.

they (the big 5 or big 6 asic builders) take on big risks by large build outs. build a 20mw farm running 30ph in 45 days like bitfury did in august.

then have coins drop to 200 usd. big risk.

slowly switch out your older gear at .8 or 1 watt with .6 or less newer gear. Then sell the older gear to miners call it a c-1 or a s-4 instead of s-3. This repackaging is being done right now by bitmaintech overcharge just a little so it slows the pace and let that pay for the newer build. win for the builders at almost no risk.

BTW either way is bad for the home miner.

There is No need for fast expansion for the builders. 2 exceptions would be finding a .1 watt a gh method or big rise in btc price.