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Bitcoin ASIC in Chips-to-$ Race

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8/14/2014 05:25 PM EDT
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goafrit
User Rank
Manager
Re: experienced team
goafrit   9/1/2014 7:38:13 PM
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>> The richest mine in California at the time was the Almaden mine in San Jose (now a park). It wasn't a gold mine, it was a mercury mine. Mercury was used to extract gold from gravel.

That you for the update and the more historical insight into this conversation. The fact remains the fact - the most promising business aspect of Bitcoin is selling tools to the miners.

tb100
User Rank
CEO
Re: experienced team
tb100   8/18/2014 5:20:43 PM
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It is like the gold rush of the Bay area where men that sold shovels made fortune while the diggers for gold went pennyless.

You are talking about none other than Samuel Brannan (you can look him up in Wikipedia), who became one of the richest men in California, selling shovels to gold diggers.

The richest mine in California at the time was the Almaden mine in San Jose (now a park). It wasn't a gold mine, it was a mercury mine. Mercury was used to extract gold from gravel.

goafrit
User Rank
Manager
Re: experienced team
goafrit   8/18/2014 12:56:16 PM
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The greatest contribution of Bitcoin may not be the currency. Rather, it may be helping to evolve a new way of making chips that can crunch data in the most efficient way. Think of future servers being designed around the experiences of the Bitcoin miners.

goafrit
User Rank
Manager
Re: experienced team
goafrit   8/18/2014 12:49:04 PM
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The good news for Bitcoin is that one makes money in these systems and not necessarily on the currency itself. It is like the gold rush of the Bay area where men that sold shovels made fortune while the diggers for gold went pennyless. The kits to mine Bitcoin is where the money is right now.

William L. Lind
User Rank
Rookie
Re: experienced team
William L. Lind   8/18/2014 8:05:34 AM
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I appreciate the CoinTerra design team for their effort. The bitcoin did a great job. I am wondered to see the chips without memories. I am thinking o join into their community, and it is a good opportuinity to $300 at this time. There are many essay writting service reviews in the market place, but all of them are not providing the quality services. Unfortunately, it's your own duty to select the best site for your own assignment. I am waiting to see some more haardware like this from them.

daleste
User Rank
CEO
experienced team
daleste   8/16/2014 1:47:19 PM
NO RATINGS
The CoinTerra design team sound like it would be fun place to work.  All experienced veterans plus a big job that has to be completed quickly.

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