Quote from: jabberwok on November 28, 2012, 06:16:06 PM

Quote from: tbaked on November 28, 2012, 06:04:41 PM

Given those numbers, why would anyone bother computing bitcoin hashes?

Those numbers are exactly why people don't bother to mine on NVIDIA cards. Since the halving and with the pending shipments of ASICs, many GPU miners are walking away completely. Unless you can get free electricity, GPU mining will not make a profit, and even if you can get free electricity, the wear and tear on your rig might not be worth it.

Quote from: tbaked on November 28, 2012, 06:04:41 PM

Shouldn't bitcoin be dead by now since there is no incentive to help others encrypt transfers?

There are still a lot of people who support bitcoin not just to make money (though many of the people who support it have made a great deal of money by getting in early). For them, securing the network is the incentive.

I like how you answer the second sentence while restating my first sentence.

Anyways, I'm under the impression that "most people" run bitcoin with an intent to make profit. Am I wrong, or are most people just mislead about the returns of mining bitcoin?