Quote from: legolouman on October 08, 2012, 08:55:23 PM

Quote from: Unacceptable on October 08, 2012, 08:46:42 PM

Quote from: BobbyJo on October 08, 2012, 08:03:42 PM

Will there be such a thing as new ASIC miners? Will people who have never mined before want to invest money in ASIC? When GPU mining was profitable, anyone could do it, people got interested and upgraded. I think the advent of ASIC makes it a niche sport now.

Why??

Its gonne be even easier dude!!!!!!!!!!!!! No high end PC or vid cards to buy & maintain.No issues with vid drivers,OC'in,drawing too much current from your PSU OR your outlet.

ANYONE can buy one & hook up a USB cable,DL the miner software,join a pool & boom your mining on an old P.O.S. PC..............

Hell,my mom is 72 years old & she could do it Cool

This is true, however, I anticipate that after ASIC's are about and hashing publicly, the difficulty will rise so high that owning a Jalepeno will be like using a X750 or X770 ATi card.

Dare I state the obvious ....

Is this in any way unexpected?

The price performance of the devices is of course relative - but the price point certainly suggests buying a Jalepeno and mining with it in the near future will be no better than buying a cheap GFX card now and mining with it.

The $1k ASIC devices may even (in the not too distant future) be no better than mining with a high end (but certainly cheaper) GFX card is now.

Difficulty will adjust and we'll all be back where we started ... except our pockets will have emptied themselves into the ASIC manufacturer's pockets. Certainly not a criticism of the manufacturers - just a simple fact that's how it works.