Thanks for the information. In that case mining wont be profitable for the future? how about mining other coins like litecoin , primecoin and etc and then converting it into bitcoin ? Will that be profitable then?
Basically i am a Forex trading person and i want to invest my profits for the long time returns. Thats the reason i am trying into this. Could you suggest me some other mining which will be profitable for now and for long term.
You can't mine Litecoin with a ASIC.
Better to buy some coins and store them away on a paper wallet!