Bitcoin Mining Game Has Changed

Special integrated circuit machines for ASCI or application came into the Bitcoin mining market. The first machine arrived at the miner’s home in late January, and since then, ASCI machines have reportedly been sent to the miner’s Bitcoin mining facilities.

Because ASCI machines are specifically designed for Bitcoin mining, they are highly efficient machines in the work they are designed to do. High-end ASCI machines have a hash rate of more than 1 million per second. A typical CPU running a Bitcoin mining program has a rate of 1.5 hash per second.

Needless to say, the supply of ASCI machines is a game changer in the Bitcoin world. CPUs are no longer supported by the Bitcoin mining program, because a CPU that runs 24 hours a day will not see Bitcoin for several years, even if it is drilling in a pool.

This trend favors those interested in mining, as well as those who have thousands of dollars to use on expensive devices, as well as those who are the first to implement Bitcoin mining, which has benefited greatly from their initial mining efforts. These initial gains could become the latest and greatest hardware and device device to continue generating bitcoins in the future.

The development of ASCI is most detrimental to miners who run relatively powerful GPUs. The difficulty in successfully extracting the Bitcoin block has risen to a level where the cost of electricity can outweigh the cost that a GPU miner will see in Bitcoin year after year.

All these assumptions are closely linked to the stability of the price of Bitcoin. If Bitcoin stays around the current level of 30 usd, innovations will continue to move forward. ASCI has partially contributed to the rally that Bitcoin has seen in the last two months. The dollar exchange rate for Bitcoin has risen from $ 10 to $ 30. It is difficult to find such a profitable investment anywhere in the world, so it is natural that Bitcoin has attracted attention in recent days. Will this focus continue? If so, will it bring more research and volatility than stability in the young digital currency? Relative stability in the long run is a feature that Bitcoin must build to achieve its original goal of becoming a globally viable and competitive currency.

So will Bitcoin surpass the existing speculative tool label? The answer lies in a network of complex variables that cover a wide range of humanity: politics, psychology, finance, fear, freedom, privacy, security … Regardless of the outcome, it will be an interesting show.