I'd love to get into mining, I've been buying btc like crazy lately and got some free time.
However it seems I should wait for ASIC's as all the current mining methods seem useless.
Now I have a few concerns regarding ASIC's and I'd love if anyone could answer my questions:
-If ASIC's come out the BTC/USD rate will drop right? Theres much more BTC available...
-If ASIC's are released will all the current mining equipment be worthless?
-If ASIC's come out, wont we hit the max BTC amount like instantly? Or will the difficulty rate be adjusted so the current projected amount of BTC will remain the same? This would fuck all the current miners even more though.
-Lets say ASIC's are out and the market is adjusted to them, would it be profitable to mine? Or should I just scratch the idea of becoming a miner and start growing some dope instead?
Thanks guys
However it seems I should wait for ASIC's as all the current mining methods seem useless.
Now I have a few concerns regarding ASIC's and I'd love if anyone could answer my questions:
-If ASIC's come out the BTC/USD rate will drop right? Theres much more BTC available...
-If ASIC's are released will all the current mining equipment be worthless?
-If ASIC's come out, wont we hit the max BTC amount like instantly? Or will the difficulty rate be adjusted so the current projected amount of BTC will remain the same? This would fuck all the current miners even more though.
-Lets say ASIC's are out and the market is adjusted to them, would it be profitable to mine? Or should I just scratch the idea of becoming a miner and start growing some dope instead?
Thanks guys