any idea how screwed I am with 128 chips? Looking at mining calculators looks like I'll only make $700 in a year, am I way off or is the calculator flawed?
http://mining.thegenesisblock.com/a/e41625025cI doubt the percentage will remain 100%+ per month, but im new to this, any updated predictions guys?
It won't make you a single dollar. The miners makes bitcoins! Its an important difference.. that some people seems to neglect.
If you believe the coins will go up, invest in coins. If you belive you can buy mining hardware for less than cost of coins, buy mining hardware.
It seems according you your calculation, if you remove extra fees and the 2% silly mining pool fee, will make a total of 7.44 btc, not including power costs.
The value of those coins, are worth as much as they are worth when you sell them and only then.
From the looks of the calculation, your last month of mining will be in the month of January, if difficulty by then hits 1361MM you will only make 0.5BTC, which should be similiar to your electricity cost pending on the value btc/usd at that time.
Then again, if the difficulty increase slows off which some people dont think it will, you might make more, maybe 10BTC until then or that it happends later that hardware becomes obsolete.
Or , that you are able to sell it on ebay for a lot more than buyers are willing to pay for it here while you have already mined with it for a while.
On ebay, dont show TGB link, only show this link
http://www.bitcoinx.com/profit/, which does not calculate difficulty updates..