Quote:
Originally Posted by holograph
if you believe bitcoins will increase in value it might be worth of risk to keep at mining especially if it doesn't take huge investments
next difficulty increase/s is promising to be tiny. UNLESS bitcoin value will shoot above $30 in my opinion, then it will be profitable again for some time before more hardware added to the network. it is constant race and re-evaluation of profitability =)
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Hmmm. If the value of BTC doesn't go up to match the increase in difficulty then the market for 5970 cards will probably crash. They'll no longer be worth buying second hand at artificially inflated prices (I've seen them on ebay for $1k+) as they'll be worthless for mining, so they'll go back to being a last gen model that most hardcore gamers will have zero interest in. They're still useful for other things like password cracking, but that particular niche doesn't have the same buying frenzy that bitcoin has caused...
I guess it's possible that people will decide that a 5 or 10% profit margin isn't sufficient and drop out (maybe to try to sell their hardware before it's too late), so the difficulty increase trend will taper off, or perhaps even reverse and start decreasing?
A 10% profit margin at the current value of BTC would only net me about USD 10 cents a day with my setup... even for those with generous rigs of a couple of ghash/sec it would be less than a dollar per day. Worth it for all the noise and heat? Probably not. Let's hope so.
