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chrisbooth

02/06/14 6:26 AM

#19495 RE: kDiqq #19443

I believe it to be that they will begin servicing bitcoin super computers. As of now you can run ASIC miners that will produce only a fraction of a bitcoin. Add that to the reality with each bitcoin mined it only becomes that much more difficult to mine the next bitcoin. Meaning, these super bitcoin computers will need to operate faster and faster and faster in the future. Here is where ceramic comes into play. The most knowledgeable minds in the bitcoin industry say energy consumption during the mining process is what effects the bottom dollar. The more efficient they can operate the more a bitcoin is worth. With each minute a machine runs it uses more energy equating to less revenue once a bitcoin, or fraction of bitcoin, is unearthed. The race is on and has been going on to mine the most bitcoins possible. Its been said the last bitcoin will be mined in 2140. At first the most standard computer could mine bitcoins but as it is becoming more and more complex the machines needed to do this process need to be more efficient. With ceramic components the machines will be able to run faster, more efficient and are more cost effective which will equate to larger gains once a bitcoin is mined. With the current ASIC miners in the most advanced computers it's also been said that within two years mining will produce negative gains calculated against energy costs. As of now alternative energy is not a viable solution to operating these machines either. The solution to mining bitcoins at a quicker and more efficient pace seems to start with the internal components to the machine. I see Cetek Tech continuing on its current path only now adding bitcoin servicing to the company profile. Possibly, a buyout could be in order as well.