Re:Poll: How many Bitcoins do you have?
by tych0 on Tuesday April 09, 2013 @11:20AM
(#5518683)
Well, no. Mining is as profitable now as it's ever been, since the price is so high. Sure, you won't be mining 1 BTC a day any more, but when 1 BTC is $200 it doesn't matter.
Further, the announcement you linked to (by Butterfly Labs) isn't really all that accurate. They originally promised a ship date of early October. No products have shipped to date, and they've changed the specs and pricing on what they're going to offer a number of times. Some people think they'll never ship anything.
There are, however, other companies who have shipped ASIC mining chips recently, hence the skyrocketing difficulty. At this rate within 6 months it will no longer be profitable to mine bitcoin on GPUs.
Further, the announcement you linked to (by Butterfly Labs) isn't really all that accurate. They originally promised a ship date of early October. No products have shipped to date, and they've changed the specs and pricing on what they're going to offer a number of times. Some people think they'll never ship anything.
There are, however, other companies who have shipped ASIC mining chips recently, hence the skyrocketing difficulty. At this rate within 6 months it will no longer be profitable to mine bitcoin on GPUs.