Breaking News
Comments
Newest First | Oldest First | Threaded View
<<   <   Page 5 / 5
Kreator11
User Rank
Rookie
Re: ASIC solutions
Kreator11   2/4/2014 9:21:35 AM
NO RATINGS
It seems everybody is making money with Bitcoin. It was $4 just last year and rose to over $1200!

There's plenty of media hype surrounding the currency but nobody really tells you the whole story.

Do yourself a favor and find out the Secrets of Bitcoin.

http://bit.do/BitCoinSecrets

ost0
User Rank
CEO
Re: ASIC solutions
ost0   2/4/2014 6:38:13 AM
NO RATINGS
I guess if those companies DID keep the machine for themselves, we would never hear about them, so maybe they DO exist.. There may be investors taking this risk for all I know.

Then there are the ones we hear about with a different financing model..

PS:Not sure how much load on the network (IP) these machines do.. I though that the real number crunching was done offline, but blocks was fetched from the net, but I dont know the details.

Ecomstudio
User Rank
Rookie
Re: ASIC solutions
Ecomstudio   2/4/2014 5:52:08 AM
NO RATINGS
The key reason the ASIC miner companies can't keep the machines for them selves is they rely on pre-order capital to manufacture the units, arguably there are "delays" on these units getting to the customer. If you was to have 50 units "testing" for a number of days before shipping you could as a miner merchant make a fair few Bitcoins, note that I say could as this has not been proven and these units do make a big difference to the network once connected especially the 600gh/s units on pre order now.

ost0
User Rank
CEO
Re: ASIC solutions
ost0   2/4/2014 4:12:32 AM
NO RATINGS
Hehe thats really not a neutral view on the subject. The path from bitcoin to real money is short, although you dont know how much money you will get from day to day.

You may argue that selling these machines gives you a more predictable income, but that hardly holds water as the demand surely will follow exchange rate.

The only valid argument left seems to be the timeline of wich the money comes in. If they sell a lot of machines early, they certainly will get the money back slightly faster, so for the buyer, its a highly speculative trade.

 

jackOfManyTrades
User Rank
Manager
Re: ASIC solutions
jackOfManyTrades   2/4/2014 4:03:28 AM
One reason might be that seling a bitcoin mining machine gives you real money rather than virtual money.

ost0
User Rank
CEO
ASIC solutions
ost0   2/4/2014 3:43:23 AM
There are already asic's out that does this job.

See https://en.bitcoin.it/wiki/Mining_hardware_comparison

But I always wonder, why does it pay off selling these machines compared to keeping the mined bitcoins themselves?

 

<<   <   Page 5 / 5


Flash Poll
EE Life
Frankenstein's Fix, Teardowns, Sideshows, Design Contests, Reader Content & More
Max Maxfield

Juggling a Cornucopia of Projects
Max Maxfield
Post a comment
I feel like I'm juggling a lot of hobby projects at the moment. The problem is that I can't juggle. Actually, that's not strictly true -- I can juggle ten fine china dinner plates, but ...

Karen Field

June 2014 Cartoon Caption Winner
Karen Field
13 comments
Congratulations to "Wnderer" for submitting the winning caption for our June cartoon, after much heated conversation by our judges, given the plethora of great entries.

Jeremy Cook

Inspection Rejection: Why More Is Less in a Vision System
Jeremy Cook
3 comments
Albert Einstein has been quoted as saying, "Everything should be as simple as possible, but not simpler." I would never claim to have his level of insight -- or such an awesome head of ...

Jeremy Cook

Machine Fixes That Made Me Go 'DUH!'
Jeremy Cook
21 comments
As you can see in my bio at the end of this article, I work as a manufacturing engineer. One of my favorite things that happens on a Friday late in the afternoon is to hear my phone ring ...

Top Comments of the Week
Like Us on Facebook
EE Times on Twitter
EE Times Twitter Feed

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)