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Questions tagged [asic]

"Application-Specific Integrated Circuit" - An integrated circuit (chip) specifically designed for one task only. Similar to FPGAs, ASICs may be the low-power-consumption future of Bitcoin mining. As with FPGAs they are very power efficient but carry a comparatively higher up-front cost.

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2answers
725 views

Are ASIC miners going to be depreciated due to it overtaking much of the network power in the future?

I read somewhere the Bitcoin developers were thinking about depreciating the ASIC miners since it's overtaking the network in the future by integrating scrypt with the current encryption. Where was ...
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1answer
890 views

How would advancement in ASIC manufacturing process affect mining?

What's the expected performance improvement with the advanced ASICs? When advanced semiconductor manufacturing processes provide high hash rates by consuming low power, and older processes makes mass ...
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1answer
1k views

Why do bitcoin mining companies sell hardware if the hardware they are selling makes them money? [duplicate]

Why do bitcoin mining companies sell hardware and make ASICS if the hardware they are selling makes them money? Surely they would hold onto the profitable hardware and sell it when it's less ...
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2answers
2k views

How much will difficulty increase when ASIC miners become generally availible in the coming months?

I am considering buying a 5/Ghs Butterfly Labs ASIC miner. My question is, will the difficulty increase caused by large quantities of ASIC miners being shipped in the coming months make the miner in ...
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3answers
10k views

What does “ASIC” mean?

I stumbled on the terms "ASIC" and " ASIC Miner", what do they mean? Is this something related to special hardware?
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3answers
2k views

Are there alternatives to ButterflyLabs?

there's something I want to address... I want to get into mining business, but the problem is that BFLabs has that problem of delays and uncertainty for the shipping date. I want to buy 5 rigs of 500 ...
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1answer
261 views

Has the BitForce Bitcoin Miner be connected to a PC all the time?

When the BitForce Bitcoin Miner is mining, does it have to be connected to a PC all the time?
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1answer
754 views

How long for an ASIC cluster to generate most private keys

So if I understand correctly Bitcoin is based on private keys. These private keys can be generated programmaticaly at a rate of billions per hour (or per ms perhaps with a clever ASIC cluster). Once ...
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1answer
334 views

How to set up ASIC properly?

Okay so butterfly labs has these ASIC chips available yet I am very confused on how to implement these. I have never seen these type of things and googling has gotten me nowhere.
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4k views

Bitcoin erupters not stable on Ubuntu and cgminer 3.3?

I setup p2pool on my ubuntu 12.04LTS x64 machine. Installed cgminer 3.3 and ran it. the newest cgminer is supposed to support the USB mode with the erupters without any extra configuration. I have ...
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1answer
385 views

How to verify ASICMiner share ownership through Bitcoin address / blockchain.info?

How do I verify ownership of ASICMiner shares through a Bitcoin address given that matches with a signed message I've been sent?
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2answers
214 views

How does ASICMINER use the blockchain to record share ownership?

My understanding is that ownership of ASICMINER shares (direct ownership, that is; not passthroughs) is recorded somehow in the blockchain, itself. How does that work, exactly? How can I confirm ...
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1answer
353 views

FPGA/ASIC with general SHA-1 and SHA-2 capabilities

With the introduction of ASICs and FPGAs, I am looking to upgrade my rig. However, I use the rig for academic research involving brute-force SHA-1 and SHA-2 cracking (I am working on make passwords ...
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1answer
159 views

What's the marginal cost of ASIC production? [closed]

It's been selling for $10k. How much does it cost to produce those?
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2answers
323 views

Could ASICs be used to mine a “BitcoinX4” blockchain?

Bitcoin, on average, has a block every 10 minute. There are advantages (pdf) to having a higher "clock rate", e.g. Litecoin's block every 2.5 minutes. I call "BitcoinX4" the theoretical blockchain ...
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1answer
8k views

Are Bitcoin ASICs good for anything else other than mining? [duplicate]

If I purchase an ASIC (hypothetically) and then for whatever reason Bitcoin disappears, becomes defunct or otherwise, is there anything else I could possibly use it for, such as SHA256 cracking - or ...
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2answers
958 views

International shipping times for Butterfly Labs ASIC hardware [closed]

The Butterfly Labs FAQ says they use USPS for shipping (except for Mini Rigs), and displays the options "Standard" and "Express" during the checkout process: However, the USPS website appears to ...
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4answers
36k views

Where can we buy shares of ASICMiner

ASICminer did decide to keep the hardware and mine. They're selling shares with intent to payout the dividends from whatever profit is made. Okay, so we got three players. ASICminer. Avalon. And ...
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0answers
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Kickstarter for an Open Sourced ASIC [closed]

I've had some discussions with my colleagues at CU Boulder and we might be interested in developing an open sourced ASIC for Bitcoin mining. If I was to start a Kickstarter project, then who would ...
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1answer
2k views

What will bitcoin prices do in the next months as ASIC miners become more widespread? [duplicate]

The next months will finally see ASIC miners come into play, which will increase the global network hashrate by an amount never seen before. Of course, mining difficulty will then increase accordingly,...
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6answers
27k views

Self assembling of hardware for bitcoin mining

Are there any guides or material available for helping us build dedicated ASIC hardware for bitcoin mining .
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5answers
2k views

If Bitcoin mining is becoming more and more impractical, what then?

If Bitcoin mining is becoming more and more impractical, where you'll need to buy like a ButterflyLabs unit, and where even eventually a room full of these units might not be enough some day, what ...
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1answer
308 views

Is there any reason to invest on GPU based system these days? (March 2013) [duplicate]

I wonder whether I should spend around 1000$ - 1500$ for buying a GPU based system that will mine at 2GH/s. Is it still worth it? What will happen when all those ASIC machines will arrive? will i ...
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Why do the creators of ASICs not just keep them for themselves?

If ASICs are able to mine BC so fast, why are the creators of these machines even selling them? If they just created them to mine with them themselves, they could get so many BC and in turn make BC ...
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6answers
123k views

Do these new ASIC miners really pay for themselves in 5 days?

The Bitforce 50GH/s miner costs $2,500 today, and according to the following calculation it would mine enough coins in about 5 days to pay for itself. I am sure I am missing something here. Why would ...
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1answer
190 views

How many confirmations is enough if block creation rate is volatile?

Right now, the number of blocks created is increasing at a rapid rate. In addition I tried to import coins into a MtGox account and noticed that even after 8 confirmations the funds aren't available. ...
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2answers
999 views

How much ASIC power has been, or is being, shipped in 2013?

Where can I verify how much ASIC mining power has been shipped, how much has been pre-ordered, when it will be shipped, and at what rates and time frames more units will be shipped?
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1answer
468 views

Are there numbers on how many pre-orders (or total GH/s) ButterflyLabs already received?

The whole Bitcoin world is waiting for ButterflyLabs' entree in the mining scene. Their promised products are quite revolutionary and so they can cause great fluctuations in the BTC price when they ...
2
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1answer
599 views

Where is it possible to buy an ASIC?

I know of Avalon and Butterfly Labs, but they aren't currently shipping. Does anyone know where, if anywhere it is possible to order and receive shipment before the year's out?
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1answer
11k views

What bitcoin mining software is easy to use and start mining immediately with a pool & new ASIC boards?

I'm looking to just start mining with my cheap laptop, but wanted to just ask whats the easiest mining software to setup and let it run in the background when my machine is idle. And the software has ...
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2answers
5k views

Which ASIC Bitcoin Miner gets you best bang for you buck as of today? [closed]

I'm thinking of purchasing an ASIC miner, but I'm not sure which one to go with as there seem to be multiple options. When they mention 20-60Gh/s, I'm not sure how many bitcoins can that mine in a ...
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1answer
372 views

What mining parameters are not modifiable with ASIC miners?

When ASIC mining devices ship, what parameters of mining become hardcoded? How would these ASIC mining devices respond to any changes to mining procedure / algorithms?
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4answers
4k views

Now that my GPU mining rig will be made obsolete, where to turn?

With the return from GPU mining likely to be affected by ASICs, where can miners turn their machines? Should I become a pro gamer? Join a rendering farm for cash (do they exist?) and let Disney use my ...
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3answers
786 views

Is the minimum amount of money required to purchase >50% hash power equal to max worth of all existing bitcoins?

20 BFL Bitforce Mini Rigs (each, $30k) will give about 30THash/Sec hash power for $600k. That's way above 60% of hash power of then total 51THash/Sec. 10.694M total Bitcoin * $18.5 current mtgox best ...
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5answers
11k views

Bitcoin Mining ASICs used for cryptographic application? Rainbow tables?

What is the potential that the ASICs being developed for mining could be used for other cryptographic applications such as building rainbow tables? I know that for instance those that crack GSM with ...
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2answers
3k views

What's a better investment? Buying an ASIC-based mining rig, or buying bitcoin itself?

Seems like some miners are saying they would have made more money by simply buying and holding Bitcoin, rather than mining it. Is that likely to be the case going forward? I know I'm asking for ...
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1answer
1k views

Can ASICS Merge-Mine?

Can ASICS in general, and specifically any of the models coming out soon merge-mine other cryptocurrencies?
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4answers
5k views

Why are companies selling mining hardware instead of using it themselves?

I'm not (yet) using Bitcoin, and I'm just approaching this world as of now. I stumbled upon some merchants that sell mining hardware (with some GH/s). But I've yet to understand what they gain, apart ...
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4answers
6k views

What is more effective than ASIC mining?

Considering that mining progressed from CPU, to GPU, to FPGA, and now ASIC mining... have we finally hit the end of the road for technological advancement? What future optimizations can occur after ...
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4answers
3k views

When will FPGAs and ASICs 'replace' GPUs for mining?

Please explain in detail, or provide an an estimate, at least.
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2answers
4k views

How will the Bitcoin network look after BFL ASIC hardware shipments?

There have been over 7000 pre-orders of BFL SC series mining machines, with the cheapest one supposedly running at 3.5 GH/s and the most expensive being 1000GH/s thats a lot of hashes about to be ...
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3answers
1k views

What other purposes can I use my [obsolete] hashing hardware for?

It's pretty easy to reuse CPUs or Video cards that were previously used for Bitcoin hashing, but what can I do with FPGA hardware when the difficulty becomes too high for it to be worthwhile to mine? ...
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1answer
398 views

Has LargeCoin shipped any hardware yet?

LargeCoin announced their ASIC mining technology back in March 2012, with an estimated delivery of July 2012. "ttul" in Bitcointalk, who made the announcement, also said "Expected delivery is July ...
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5answers
31k views

Is Butterfly Labs reputable / Should I preorder the SC Jalepeno? [closed]

I'm somewhat new to the mining scene but I'm a bit familiar with everything. I see that GPU mining will become much less cost effective over the next year or so, especially around December when the ...
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1answer
216 views

Are there proposed hardfork changes that couldn't be made if the market was filled with ASIC miners?

Suppose a year from now most of the hashrate is being produced by ASICs. Bitcoin is not feature-complete yet. Out of the changes in the hardfork wishlist, would any of these changes be hard/...
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1answer
565 views

Is there time-to-failure data available for any of the BFL products?

Butterfly Labs (BFL) is offering a few mining products which look to be based on some sort of FPGA or ASIC but I can't find any reliable data on what parts they're using or their manufacturing ...
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2answers
9k views

Are there any attempts at creating ASIC for bitcoin mining?

I take reference to the Question here which compares ASIC with FPGA. In this question someone quotes a company called Largecoin that is said to be at the development of such an ASIC. However their web ...
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2answers
14k views

What's the difference between an ASIC and an FPGA? Which is better for mining?

I'm a software guy with only the most basic of hardware training/knowledge so while I understand the basic concepts of ASICs and FPGAs the details are beyond me. What are the primary differences and, ...