Quote from: j1pvt on January 02, 2016, 01:36:26 PM

Quote from: Amph on December 14, 2015, 08:01:07 AM

Quote from: samasas on December 13, 2015, 06:26:10 PM

The next difficulty is estimated to rise about 20%. That is a lot. I wonder if the S5 is still profitable for the next month.

a single s5 can earn you $90 per month, with a 0.05 per hour for electricity cost, you have only a consumption of $21

so it's still profitable, because when we were at 0.011 earning the price was only 230, now it's double that, but the earning is not half of it...

But what happens when all the halving has taken place and we hit the proposed 21 000 000 total bitcoins.
The difficulty is already knocking out the small individuals who are presumably the life and blood of the whole system...
Does the whole currency then get sold back to highest bidder ie: illuminati banksters and we are back to square one again..??
How does mining carry on after that if there are no rewards coming from the blockchain ... ??
How does the whole currency perpetuate into the future ... ??

ah the infamous fee era, simply miner will live from the fee made from each transaction, which will have a far greater value(supposedly, otherwise bitcoin is most likely died by that time)