Quote from: laserray on June 12, 2013, 02:52:18 PM

Quote from: Tamis on June 12, 2013, 12:44:04 PM

Quote from: pitpony on June 12, 2013, 11:46:49 AM

Total network hash rate has jumped by nearly 10% to over 154Thash/s since last night. Diff estimated to increase to over 18 million by Sunday.

Now this is interesting ! Asicminer activating a lot of new block erupters out of the factory ?
I wanted to invest in asic but as I said in another post I think that very soon 50gh/s will be the minimum to hash so I will refrain and sadly just watch very soon :/

I feel the same way. With the pace at which the Hash rates are increasing, I just don't have enough funds to acquire the hardware to keep mining with a reasonable profit margin. I'm guessing I'll have to shutdown buy the end of the year since I probably won't make enough to offset the cost of electricity and I'm running FPGAs. I wonder how hard this is hurting the GPU miners. This is pretty depressing Embarrassed

and in the long run, such a huge jump might actually be detrimental to the bitcoin economy. I know many people compare this to the switch from CPU mining to GPU mining, but that's somewhat different. In the case of going from CPUs to GPUs, GPUs are readily available at any computer store. ASICS on the other hand are hard to acquire. Look at the questionable bidding wars over the erupter blades and USBs. GPU prices never got that out of hand. This huge jump could in fact alienate many newcomers and result in the dissolution of the bitcoin network.

Since I have a farm of GPUs I am planning on switch to Litecoin by the end of this summer while my FPGAs and ASICs (Block Erupter) with continue to mine bitcoin.