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Earlier quoted context omitted.
I've heard that Google has a decent amount of custom silicon too.
[I don't know about Google but] lots of people do relatively specialized silicon. However, rarely that happens at the most advanced processes (i.e. low nm).
They probably have NICs too that might make sense at that node though.
It's the guy selling shovels.
The article is pretty light, are these whole wafers? What size?
Earlier quoted context omitted.
Apply that to energy efficiency research as well. The monetary incentives are too strong for it not to happen.
I don't think it's possible to be energy efficient in a proof-of-work blockchain? Whatever energy saving you come up with will be negated by having to match competing miners' increasing throughput. If you are not running on 100% you are losing out?
The article is pretty light, are these whole wafers? What size?
It seems these large players will do everything in their power to make sure this bubble does not pop. I do not know the size of such investment, but it seems to me that these players have the ability to keep the price from crashing and keep the bubble from popping.
See, I had a different thought here. If anything, mining new bitcoins reduces the value of current ones. Correct me if I'm wrong, but what's keeping the bubble from bursting is more dollars coming in - big miners aren't doing that, they don't buy their BTC. Unlike a clueless average Joe at home, they're running huge businesses, as this article suggests, so they're probably smarter. Does anyone know what the math here…
It seems these large players will do everything in their power to make sure this bubble does not pop. I do not know the size of such investment, but it seems to me that these players have the ability to keep the price from crashing and keep the bubble from popping.
See, I had a different thought here. If anything, mining new bitcoins reduces the value of current ones. Correct me if I'm wrong, but what's keeping the bubble from bursting is more dollars coming in - big miners aren't doing that, they don't buy their BTC. Unlike a clueless average Joe at home, they're running huge businesses, as this article suggests, so they're probably smarter. Does anyone know what the math here…
The result is that the only factor that affects whether someone chooses to engage is mining is if it is profitable.
It seems these large players will do everything in their power to make sure this bubble does not pop. I do not know the size of such investment, but it seems to me that these players have the ability to keep the price from crashing and keep the bubble from popping.
See, I had a different thought here. If anything, mining new bitcoins reduces the value of current ones. Correct me if I'm wrong, but what's keeping the bubble from bursting is more dollars coming in - big miners aren't doing that, they don't buy their BTC. Unlike a clueless average Joe at home, they're running huge businesses, as this article suggests, so they're probably smarter. Does anyone know what the math here…
Just a thought, if we use even 1% of all computing power that is currently being used for mining cryptocurrency, what can it be used to accomplished?
Nothing more useful for humanity, I think. It is literally mining electronic gold which facilitates transactions removing need for trusted third party. You may not ever pay for something "useful" in your life in bitcoin, like you've probably never paid with gold, which is still useful for governments and big investors as store of value.
It seems these large players will do everything in their power to make sure this bubble does not pop. I do not know the size of such investment, but it seems to me that these players have the ability to keep the price from crashing and keep the bubble from popping.
Wouldn't that hasten and worsen the inevitable pop?