Re:Crazy crypto mining story from 2013
by g_sch on Tuesday October 18, 2022 @09:35AM
(#33246885)
Seems unlikely, given that this story was told from the perspective of someone mining in the pre-ASIC era. I suppose they could have invested in ASICs early on, but they started as a broke student and the reason the story is fun is because they made it work on a shoestring. "And then I bought $200,000 worth of ASICs in an overseas datacenter" doesn't have the same effect.
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Re:Crazy crypto mining story from 2013
by lemonking on Tuesday October 18, 2022 @09:47AM
(#33247048)
The problem with ASICs and FPGAs were indeed that you would have to order them some 6-12 months in advance and pay the multi-thousand cost up front.
The FPGA/ASIC manufacturers were actually using their own stock to mine the best profits and only then ship them to customers.