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I prefer the term skeptic, and I think it's quite reasonable to be skeptical of a $1300 device capable of generating $210/day with still no proof. I think the s
by gibybo 14y ago
I prefer the term skeptic, and I think it's quite reasonable to be skeptical of a $1300 device capable of generating $210/day with still no proof. I think the skeptics will be much calmer once he plugs it in and verifies that it does what it says it does.
EDIT: Now confirmed on Jeff's blog: http://garzikrants.blogspot.com/2013/01/avalon-its-alive.html http://garzikrants.blogspot.com/2013/01/avalon-its-alive.htm...
- micampe 14y ago> capable of generating $210/day and for a limited amount of time. Bitcoins are a finite resource, once they are all mined, this hardware will be pretty much useless, as far as I understand.
- bdcs 14y agoNo, not worthless because of transaction fees. Miner reward = Transaction fees + block reward Currently the the former accounts for only 1%. This will likely change in the future (a decade or so). See here https://en.bitcoin.it/wiki/Tragedy_of_the_Commons https://en.bitcoin.it/wiki/Tragedy_of_the_Commons
- vbuterin 14y agoActually, Moore's law guarantees that the hardware will become useless much sooner than the Bitcoin mining rewards run out.
- balsam 14y agoJeff Garzik has plugged it in and confirmed ~68GHash/s http://www.thebitcointrader.com/2013/01/the-first-bitcoin-asics-are-hashing-away.html http://www.thebitcointrader.com/2013/01/the-first-bitcoin-as...