Re:One Bitcoin miner is buying 20,000 16nm wafers from TSMC ...
by fermuch on Monday January 22, 2018 @05:13PM
(#16208491)
Wouldn't the difficult per block rise, making it the same current usage as before?
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Re:One Bitcoin miner is buying 20,000 16nm wafers from TSMC ...
by bigiain on Monday January 22, 2018 @05:23PM
(#16208572)
The difficulty rises with the total hashrate across all miners, not on the individual hashrate/efficiency of any particular miner - if you can eke out a temporary efficiency advantage over everybody else, you can profit nicely while they're trying to catch up.
Re:One Bitcoin miner is buying 20,000 16nm wafers from TSMC ...
by maxerickson on Monday January 22, 2018 @05:17PM
(#16208521)
Eventually. But newer hardware will tend to be the most efficient component of the hashrate and push out older hardware by generating more hashes per unit of electricity (hence the CPU->GPU->ASIC progression).
Re:One Bitcoin miner is buying 20,000 16nm wafers from TSMC ...
by 0wing on Monday January 22, 2018 @05:22PM
(#16208564)
That doesn't mean anything.
Bitcoin network bandwidth remains the same, and energy usage has continued to increase in a race to the bottom in terms of work and waste for bitcoin mining - this is by design of how Satoshi's difficulty algorithm reduces efficiency with increase in hash rates.