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Fwd: Looks like the US will be very competitive in the ASIC miner market.

From: Joseph Potvin <jpotvin@opman.ca>
Date: Fri, 13 Sep 2013 12:58:50 -0400
Message-ID: <CAKcXiSpzR3NdNyAY6s7H3TACDs68FZbG9QtdYcWHvDfWSjxnVA@mail.gmail.com>
To: Web Payments CG <public-webpayments@w3.org>
Bitcoin is scarce but an infinite number of technologically identical
derivative crypto-currencies can be created. So is it not true to say
that Bitcoin is only scarce based on brand loyalty? If/when Gitcoin
and Hitcoin and Titcoin also come on the market, then what does the
mathematical scarcity of Bitcoin really come to?  Spock's darned
"Parallel Universe Problem"
https://www.youtube.com/watch?v=UfH-0VxMMsA&list=PLLRnlOrp03B0YZ3i5Q2JN_1JmTExP_Qr1

On Fri, Sep 13, 2013 at 12:30 PM, David I. Lehn <dil@lehn.org> wrote:
> On Thu, Sep 12, 2013 at 7:53 PM,  <eanders@pobox.com> wrote:
>> $6,000 2T miners
>> http://www.marketwatch.com/story/cointerra-introduces-two-low-cost-bitcoin-asic-mining-solutions-2013-09-12
>>
>
> $3500 for a "low-cost" "entry-level" model?  And using some fuzzy
> estimates, barely worth the risk and trouble at only a cumulative
> profit over a year of ~50% the cost of the hardware itself.  Then the
> hardware loses money to operate.  This is a strange game.
>
> http://mining.thegenesisblock.com/
>
> -dave
>



--
Joseph Potvin
Operations Manager | Gestionnaire des opérations
The Opman Company | La compagnie Opman
http://www.projectmanagementhotel.com/projects/opman-portfolio
jpotvin@opman.ca
Mobile: 819-593-5983
LinkedIn (Google short URL): http://goo.gl/Ssp56


-- 
Joseph Potvin
Operations Manager | Gestionnaire des opérations
The Opman Company | La compagnie Opman
http://www.projectmanagementhotel.com/projects/opman-portfolio
jpotvin@opman.ca
Mobile: 819-593-5983
LinkedIn (Google short URL): http://goo.gl/Ssp56
Received on Friday, 13 September 2013 16:59:37 UTC

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