News for hackers. Stuff that matters.

A comment on One Bitcoin miner is buying 20,000 16nm wafers from TSMC per month. Parent comment

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).
[ Parent | on HN ]
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.

[ Parent | on HN ]