W3C home > Mailing lists > Public > public-webpayments@w3.org > September 2013

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

From: Andrew Miller <amiller@cs.ucf.edu>
Date: Fri, 13 Sep 2013 13:34:55 -0400
Message-ID: <CAF7tpEyAzVYmQjd0++X7xV+tu7wC+NAS0FYLEudgHXgLiJQOOA@mail.gmail.com>
To: Joseph Potvin <jpotvin@opman.ca>
Cc: Web Payments CG <public-webpayments@w3.org>
Well put, I think this is exactly the case.

This does not necessarily affect peer-credit based currencies, as the
willingness to trust peers (making oneself vulnerable to another) is
still limited.

On Fri, Sep 13, 2013 at 12:58 PM, Joseph Potvin <jpotvin@opman.ca> wrote:
> 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
>



-- 
Andrew Miller
Received on Friday, 13 September 2013 17:35:23 UTC

This archive was generated by hypermail 2.4.0 : Friday, 17 January 2020 19:07:24 UTC