Integrated circuit machines for ASCI or specific applications have reached the Bitcoin mining market. The first machine arrived at a miner’s home in late January and since then reports have been being sent to ship bulk ASCI machines to access the Bitcoin mining platforms.
Because ASCI machines are specifically designed for Bitcoin mining tasks, they are highly efficient on highly designed machines. Higher ASCI machines have a hash rate of one million per second. A normal CPU running Bitcoin mining software has a hash rate of 1.5 seconds.
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Needless to say, ASCI machine shipping has been a game changer in the Bitcoin world. CPUs are not even supported by Bitcoin mining software, 24 hours a day a CPU will probably not see Bitcoin for several years, even if it is mining in a pool.
This trend favors those interested in mining for the use of expensive hardware worth about thousands of dollars, as well as the first recipients of Bitcoin mining, who have probably achieved great returns in their first mining efforts. These early gains can be incorporated into new and larger hardware and platform configurations to continue to generate Bitcoins well in the future.
These miners who use relatively powerful GPUs are getting worse as a result of the development of ASCI. Difficulties in successfully exploiting the Bitcoin block can cause electricity costs to exceed the payment that GPU miners will see in Bitcoin year after year in Bitcoin.
All this speculation is related to the price stability of Bitcoin. If Bitcoin stays around the current 30 usd level, innovation will continue to advance. The ASCI has contributed in part to the rally that Bitcoin has seen over the last 2 months. Bitcoin’s USD exchange rate has risen from $ 10 to $ 30. It’s hard to find an investment with this type of return anywhere on the planet, so it’s only natural for Bitcoin to attract attention in recent days. But will that attention last? And if so, will it bring more study and volatility to young digital currency than stability? Long-term relative stability is a feature that Bitcoin must establish if it is to meet the original goal of being a viable and competitive currency globally.
So will Bitcoin surpass the current label of the speculative tool? The answer lies in a tangled web of variables that encompass the broad spectrum of humanity: politics, psychology, finance, fear, freedom, privacy, security … Whatever the outcome, it is sure to be a fascinating spectacle.