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Bitcoin Mining is measured in hashes per second. This box is 60GH/s for $1,299. Deepbit, one of the more popular pools (teams that split profits) is currently
by dsl 14y ago
Bitcoin Mining is measured in hashes per second. This box is 60GH/s for $1,299.
Deepbit, one of the more popular pools (teams that split profits) is currently doing 1.9 TH/s and accounts for roughly 17% of all mining operations.
So you are buying a single device capable of approximately .5% of the output of everyone else combined.
- pygy_ 14y agoApparently they already built 300 in the first batch, and they plan to make 500 in the next one. This is going to disrupt bitcoin mining, badly.
- dbaupp 14y agoWhy are they selling them? Surely the manufacturers would be better just to corner a large proportion of the mining capability for themselves.
- JulianMorrison 14y agoYou could view it as a bet that Bitcoin is a sucker fad and the green paper folding stuff is where the smart money's at.
- chii 14y agobut by this reasoning, you shouldn't be buying this machine anyway, so i dont know know what rational thought could lead anyone to purchase this machine, if the seller of the machine wouldn't use it themselves.
- runeks 14y agoThat doesn't make sense. If they chose to mine bitcoins they could just instantly cash out in dollars. Creating a business that sells Bitcoin miners doesn't seem like a smart route to take if you think Bitcoin is a fad.
- runeks 14y agoBecause of two things. Firstly they needed people to chip in money via pre-orders to even get the funding to produce these things. Secondly, it seems they don't want to ruin their reputation (and thus lose future orders) by mining with the devices themselves. These two factors result in them selling the hardware instead of mining with it themselves.