Quote from: kthejung on April 18, 2014, 01:06:02 PM

Quote from: ZiG on April 18, 2014, 07:41:23 AM

Quote from: kthejung on April 18, 2014, 05:44:33 AM

50 T/H worth of mining power will get you about 3 bitcoins per month in January 2015. Think about that. We're talking at least tens of T/H early next year and hundreds of T/H later on in 2015. This should not be too much of a surprise since just last year a 5 G/H Jalapeno was actually worth something in the beginning of 2013.

By the way, a 5.4 T/H miner delivered in August will only get you back about 6 btcs.

...and 50T/H will need about 50KW of electric power ...at current efficiency of 1W/1GH...and will cost you ...@$0.10/KWh * 720 * 50 = #3600 ... Huh

BTC @ $1200 is about breakeven ...Overhead...hosting etc...is extra... Roll Eyes

Hard to believe that mining will be the same by the end of 2014...

I'm assuming that one of these will happen: 1. much more efficient ASIC's are created 2. price of btc keeps mining reasonable 3. difficulty increase rate will drop

The thing is, they're rapidly approaching the efficiency barrier if they haven't already hit it. There are physical limits to what can be done with the chips. Once the limit is reached it becomes how much you can cram into a package without melting itself into a pile of slag.