Searing
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September 30, 2014, 12:57:52 PM

It's happening. Negative difficulty:



Go grab some money: http://bitbet.us/bet/1040/bitcoin-difficulty-to-fall-before-november/
Can someone explain to me what negative difficulty means, is it good or bad?(total noob here)

it only means it is decreasing instead of increasing, this means that older mining machines are going offline for not being profitable anymore, this is not bad, this is the end of the ASIC era.

There is nothing to replace ASIC. Old asic are replaced by new ones, but asic is still in the game.

the end of the ASIC era means that the race of buying the new ASICs in order to be the first to profit has came to an end...we always discussed that there will be an end to this race when Moree's law is actual, the first ASIC was an avalon 90nm and AM 120nm the second was a BFL 65nm at the time the 28nm technology was available in market but not as a Bitcoin ASIC, so naturally people raced to build an ASIC as efficient as possible, but Moree's law suggest that when we hit the 22nm (the available technology today) the network will stabilize because there will be no technology improvement for some time (2 years) unless the price sky rocket so people bring more hashing power but the same technology online.



let the cloud hashing in large data farms now commence....let the fleecing begin!  the top is being wound up for the next spiral up as we speak imho