Just after a very short time running a ASIC will be profitable with free electricity only.
Team up with a student in a dorm room or a single mom in a state-sponsored house LOL
Team up with a student in a dorm room or a single mom in a state-sponsored house LOL
Unless I messed up the numbers a Jupiter with 350 GH/s and 1000 W power consumption, should turn a profit until difficulty is over 4 Billion. While the extra profit of no electricity cost would be nice, I think I'm good for a while.
I think you fucked up. My calculations say that at 1.5 billion difficulty the Jupiter would not turn a profit even if the price was 350 USD/btc
KNC is a 28nm ASIC so far no one is even seriously thinking about making something better to our knowledge. The free market will guarantee that if you have the best equipment you will be paid for your service providing bitcoin is still alive and well. Otherwise the miners will be shut off, stop being sold if it's no longer profitable. A dip in inflation of bitcoin (creation) will cause the price to rise and people will turn back on. Free markets provide insurance that you will make a profit if bitcoin is in demand. http://www.bitcoinx.com/profit/ at 1.5 billion diff, current price btc, 1000watt, jupiter makes $809 total 3 months. If it's already paid for by the time we reach 1.5 billion diff thats decent money for just having something plugged in... I bet btc will be much higher in a year, anything big crashes in the fraud global markets and btc is poised to receive a huge influx of newbies with $$$$$$$$.