New Company Claims to be Selling ASIC For Bitcoin Mining
A new website; www.asxproject.com (from Shenzhen, China) claims to be selling ASIC mining systems with hashrates ranging from 25-125 GH/s when they open in 3 days. According to their RSS feed they have no customer service office and are an online based company. Does anybody have a legitimacy confirmation or information about them?
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Bitcoin mining evolves from GPU to FPGA and now custom ASIC
Bitcoin mining used to be rows of consumer gpu's brute-forcing the sha-256 encryption (max 2000 Mhash/s). After that people and companies started using expensive fpga setups to do it faster (100-25000 Mhash/s). Now companies have developed custom ASIC for bitcoin mining. (Avalon , Bitforce , Deepbit). It has an impressive speed of 4.5K -> 1500K Mhash/s . This increase of computing ability will probably put the gpu mining out of business and shake up the market abit. Some numbers: https://en.bitcoin.it/wiki/Mining_hardware_comparison
Why is Bitcoin mining affecting the market for GPUs? Aren't GPUs long since unprofitable given ASICs?
(Not actually a beginner, but thought this was a stupid question and figured it was most appropriate here.) I mined myself in the GPU days and I can understand why it was causing shortages. But how can it be profitable now? GPUs are ridiculous expensive (in both initial cost and power) compared to ASICs, and with the difficulty so high, why would anyone be buying them to mine? Edit: Thanks for the quick answers. Edit2: Relatedly, looks like Monero is trying to prevent ASICs from being possible.
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