I like the idea of mining BTC, am currently using 1 x 6970 @ 400MH, not profitable, so discontinuing GPU mining & will be researching the FPGA options. However using exchanges to just buy BTC seems to me like the best overall option. Just buying BTC is approx 1/2 the cost to me of mining with 1 x 6970! Buying from an exchange is cheaper for me than even using 3 x Radeons for mining (assuming approx 400MH per card).
When mining starts to pay 25 BTC/block, then I don't see the point of any mining, and BTC payment has a long way to decrease from 25 BTC/block!
Why bother mining for 1/2 (and then less & less later on) the previous reward? Just buy the BTC!!
..... unless BTC _really_ jumps in price & mining using the expensive FPGA options actually becomes more economic than buying using fiat money.
Anyone's comments on the economies of mining for 25 or less BTC/block??
Hopefully fees will be large enough to make up for the subsidy.
OK so you're saying that miners will be paid "fees" to topup the decrease in BTC earnings?
Where do I find documentation regarding these plans, or is this just an idea so far? I've seen nothing on the internet to explain this to me.