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Re: ASIC solutions
Kreator11   2/4/2014 9:21:35 AM
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.


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Re: ASIC solutions
ost0   2/4/2014 6:38:13 AM
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.

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Re: ASIC solutions
Ecomstudio   2/4/2014 5:52:08 AM
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.

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Re: ASIC solutions
ost0   2/4/2014 4:12:32 AM
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.


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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.

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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?


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