jgarzik ” $INTC factories, the documents suggested, were responsible for at least two generations of @21dotco bitcoin mining chips”
@gigq Sure; there were some Germans claiming huge energy savings but also 21.co might cause ASIC proliferation.
@gigq I only forsee it following the price if there are no more advancements in ASICs, which also seems unlikely.
RT @gendal: My new post “Ignore Bitcoin at your peril?
Does Nasdaq announcement show you need blockchain *and* bitcoin strategy?†http://t.…
@mikestable stop hotlinking, brah
pig_poetry @lopp Nonsense! No true scotsman abandons an argument.
Know your fallacies => know when to stop wasting time arguing with illogical opponents. http://t.co/vrLHjBwnEK
@Bullionbasis Different types of monetary instruments have different properties and thus different risks associated with using them.
@Bullionbasis There is no such thing as “true money” - the value of a monetary instrument is in the eye of the beholder.
@DrRoyMurphy We may yet see more innovation in mining, if not via more powerful ASICs, by cheaper and more plentiful embedded ASICs.
@DrRoyMurphy Stagnant BTC price + ASIC tech nearing limits of silicon fabrication tech seem likely culprits.
@coolbearcjs Tends to be related to the exchange rate of BTC (due to block reward) and advances in mining technology (ASIC design)
@coolbearcjs It’s just an (estimate) of the amount of computational power that people are devoting to securing Bitcoin via mining.
![](http://pbs.twimg.com/media/CE0IzTdUsAASlrG.png:thumb)
Hashrate has really plateaued the past few months. Seems unlikely to last… pic.twitter.com/ooL9kWDzFG
@Bullionbasis Bitcoin doesn’t work without power, just like all modern fintech. In event of global power loss, we’ll have bigger problems.