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How about that bitcoin.. 1277  19

Death Knight Posts: 2681 Karma: +53/-7 *********

tk[as]

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Re: How about that bitcoin..
« Reply #15 on: December 12, 2017, 08:47:05 AM »
Also.. Moore's law. Processing power doubles every 2 years. It's been pretty accurate up to this point, and now we're entering the age of Quantum Computers.

This will play a factor in the amount of energy needed to mine 1 bitcoin.
Death Knight Posts: 3143 Karma: +118/-12 *********

CumSavorer4385

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Re: How about that bitcoin..
« Reply #16 on: December 12, 2017, 10:10:36 AM »
Also.. Moore's law. Processing power doubles every 2 years. It's been pretty accurate up to this point, and now we're entering the age of Quantum Computers.

This will play a factor in the amount of energy needed to mine 1 bitcoin.
Peon Posts: 31 Karma: +0/-1 **

IBecomeShivaDestroyerOfGN

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Re: How about that bitcoin..
« Reply #17 on: December 14, 2017, 11:19:29 PM »
the real question is: HAS ANYONE SEEN SMURF KING LATELY?

haha, remember he told everyone put their life savings in 5 years ago and we all thought he was crazy. probably smurfking is living in the virgin islands on a 100ft catamaran yatch. :)
Death Knight Posts: 3143 Karma: +118/-12 *********

CumSavorer4385

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Re: How about that bitcoin..
« Reply #18 on: December 16, 2017, 08:59:58 AM »
the real question is: HAS ANYONE SEEN SMURF KING LATELY?

haha, remember he told everyone put their life savings in 5 years ago and we all thought he was crazy. probably smurfking is living in the virgin islands on a 100ft catamaran yatch. :)

more like thailand with a bunch of 11yo boys in a houseboat
Grunt Posts: 88 Karma: +22/-1 ***

GreenPlastic

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Re: How about that bitcoin..
« Reply #19 on: December 16, 2017, 09:21:40 AM »
Also.. Moore's law. Processing power doubles every 2 years. It's been pretty accurate up to this point, and now we're entering the age of Quantum Computers.

This will play a factor in the amount of energy needed to mine 1 bitcoin.


https://www.technologyreview.com/s/601441/moores-law-is-dead-now-what/
https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/

Apparently, ASICS will still be faster than quantum computers for mining bitcoin for the next 10 years.  Also, Moore's law hasn't really held true for a while now because you can only shrink transistors so much.  Intel has only had 5-15% ipc improvements generation to generation for roughly the past 8 years.