3 ms·
You make a good point, unless someone creates an ASICs machine that can compute 10-20x the current hardware.
by dakrisht 14y ago
You make a good point, unless someone creates an ASICs machine that can compute 10-20x the current hardware.
- jacquesm 14y agoThere is a more or less automatic return to a state of equilibrium because even if you came up with a way of advancing the state of the art by a factor of 10 or 20 then sooner or later you'll be caught up by the rest. So the window you've got to gain dominance is extremely short, both because the bitcoin network will re-adjust for even your (percentage wise) small contribution and the tech catch-up is not long behind. That's why most parties that advance the tech chose to sell their findings rather than to capitalize on them by mining. That way they get to recoup their investment faster than if they'd be dependent on the window of opportunity afforded by advancing the technology and mining.
- dakrisht 14y agoI fully agree, but that won't stop the masses (average Joe reading about BitCoin on TechCrunch) from plunking down $1-2k per box or 10 boxes to mine BitCoins. I think these guys have a solid hardware play, irrespective of reality.