It seems that if these devices can be produced at scale, the marginal cost of mining 1 BTC will be only about $0.30 for now, thereby possibly pushing down the market price for BTC significantly.
It seems that if these devices can be produced at scale, the marginal cost of mining 1 BTC will be only about $0.30 for now, thereby possibly pushing down the market price for BTC significantly.
What will happen is that the 0.29 BTC / day will go down as more people plug in their asic miners.
>So in just two weeks, those lucky enough to have snagged one of these rigs will have paid off the initial investment. Everything after that is gravy.
That's the biggest joke ever. The difficulty will go up substantially once thousands of people get their ASIC miners. It will take a lot longer than two weeks to pay itself off.
> Meanwhile, with more and more computers joining the network, mining difficulty is quickly getting harder. So the amount of money these machines can make per day is slowly declining.