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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (709016)	4/13/2013 3:03:03 PM
From: i-node	Read Replies (1) \| Respond to of 1572259

>> the guy has a PHD in computer engineering he's buying the machine for 4k basically the only thing that computer can do is mine bitcoins. >> I don't have enough knowledge to question a doctor of computer engineering Even ASIC-based systems can't deliver bitcoin at that level. It really isn't about computer engineering. It is about computational power and the cost to deliver it. ASIC is the cheapest way to do it, but I don't think it can be done profitably at this point. There is about $10M in new bitcoin mined monthly (at today's exchange rate), and that is spread over all the systems doing the mining.