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goafrit
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Re: Bitcoin popularity
goafrit   2/14/2014 10:27:24 AM
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>> If the Bitcoin system is not trusted or well-understood, the demand won't be enough to sustain the trend.

Bitcoin is like the housing market before the bubble. It is irrational exuberance at the best

krisi
User Rank
CEO
Re: ASIC solutions
krisi   2/12/2014 6:53:40 PM
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But the path to universal adoption could be very long...for now Bitcoin is down

 

http://news.yahoo.com/cyber-attack-bitcoin-big-warning-currency-39-users-225150670--sector.html

krisi
User Rank
CEO
Re: ASIC solutions
krisi   2/10/2014 7:22:47 PM
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I guess in this case risk is high...but payoff is huge...what if the whole world adopts BitCoin?

goafrit
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Manager
Re: ASIC solutions
goafrit   2/9/2014 6:27:47 PM
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>> a new ASIC in 20nm must be few million bucks and the payoff is very uncertain

Extremely uncertain for a currency that has no legal basis for any VC or PE to invest such money to develop the ASIC. I typically wonder how easy it is for some to raise capital while others struggle.

goafrit
User Rank
Manager
Re: ASIC solutions
goafrit   2/9/2014 6:25:13 PM
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>> Rather than individuals going it alone, the trend seems to be toward pooled bitcoin mining.

If they bring certainty by recognizing Bitcoin, this mining issue will go. Qualcomm and Intel will enter the game and provide tools that can win the game. I am not sure we have firms of great quality in the mining space at the moment owing to legal issues surrounding Bitcoin

rich.pell
User Rank
Blogger
Re: ASIC solutions
rich.pell   2/9/2014 9:17:59 AM
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"How do you prevent that in the future?"

If Bitcoin continues to become more widely established and accepted we would expect to see more stable and reliable associated businesses emerge as it matures, as well as decreased volatility in its value.  In this particular case, this company - the Mt. Gox bitcoin exchange - has had such issues before, and as a result has been losing market share to competitors for a while.

krisi
User Rank
CEO
Re: ASIC solutions
krisi   2/7/2014 4:58:55 PM
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BitCoin withdrawals just hit a snag in Japan

http://news.cnet.com/8301-1023_3-57618543-93/bitcoin-sinks-after-exchange-pauses-withdrawals/

How do you prevent that in the future?

Patrick Le Fevre
User Rank
Blogger
Re: KnC Miner to build 10 MW datacenter in The Node Pole
Patrick Le Fevre   2/7/2014 1:42:45 PM
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Thanks for adding this info to the post. Yes, Nordic is a great place to locate data centers and benefit from natural cooling. Much better than having datacenters power hungry machine in Arizona :-) In addition to that low energy consumption benefits to Bitcoins mining. It will be interesting to see which next will be placed in Alaska!

rich.pell
User Rank
Blogger
Re: KnC Miner to build 10 MW datacenter in The Node Pole
rich.pell   2/7/2014 12:54:46 PM
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Also, here's an interesting look inside a Bitcoin mining installation in Iceland:

Into the Bitcoin Mines

krisi
User Rank
CEO
Re: KnC Miner to build 10 MW datacenter in The Node Pole
krisi   2/7/2014 10:56:35 AM
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thank you Patrick...very intriguing info...so our future digital currency will be run by Swedes somewhere close to North Pole...cool...would you be interested to give a talk about this topic at emerging technologies conference in Vancouver in 2015? program at www.cmosetr.com, Kris (kris.iniewski@gmail.com)

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