How? I suppose its a matter of interpretation. It's still quite profitable in my area as well as many areas. Undervolted I would be over 50% profitable.
how? it's already risen to the 400,000,000 level three months ago and hasn't moved beyond it. as you said, it's 'almost unprofitable' (or else it would be rising further). it may do so later , for example of the btc price rises, but for now, it ain't.
Dude.
I already cited my predictions thread. You can't sit here and tell me its 'barely' profitable when one of the original profitability calculators is spelling out that it's (mining) is 200% profitable over electricity cost. Places like washington (all hydro power) are like 400% profitable. Unless you live in the EU or New York.. you should do just fine for while yet. I don't anticipate a jump in hashrate until the block reward halves. It's possible it might slightly pick up before then but i doubt it. I think the price of bitcoin will drop slightly over the next few months going into Q3 and when Q4 hits i expect KNC to launch whatever shenanagins they have planned and then we will see some action. Using the last 180 day horizon as reference we are lucky to have seen a 4% increase in hashrate per month, with 3-4 drops in diff. I think this is attributed to people changing out less efficient miners for more efficient miners. People have actually decreased hash power but with a lesser electricity cost so its more over profitable in the long run.