My guess is yes and yes, but not for another 30-50 years.
I really think it's going to hit $1,000 in the next two years. (Hopefully sooner.) $10,000 - I'm hoping that happens in about 6 years. Then I can retire!
Keep in mind, that it will probably increase more than 40% with all of the hashing power that BitFury, HashFast, KNC, ASIC Miner, CoinTerra, TerraHash, and BFL will be releasing between now and November.
I wouldn't be surprised if it's over 400M by November.
Cancel your order and buy some Bitcoins if you want to invest. That 50GH/s is going to probably net you about $5/day by the time you get it.
yes, unfortunetly. This one i like to play with difficulty http://btc.re/?t=miningcalc
Post
Topic
BoardBeginners & Help
Re: Hashrate Difficulty Climbing
by
CaloHash
on 15/08/2013, 16:04:04 UTC
I am prisoner of BFL too, maybe i get my miners at late September. Than i will mine for October (may get half of ROI) and sell equipement at ebay to get equal. If BTC rises up to 200USD than there will be more time for me to mine.
I recently ordered a 50GH/s unit that I would have (optimistically) wanted it to pay for itself in 3 months (delivery date November). It would appear now, with projections and the almost 50% increase in difficulty recently, that the trend for a 50%+ increase will continue. Especially with the time solving/confirming dropping from 10min to 5min.
It would appear that I won't ever even break even with this unit that I pre-ordered.
How accurate are the predictions that the difficulty will be at 178mil by November 2013?
I ordered from BFL 11 months ago and still nothing! The chances or you getting this device in time to make easy money are nil to 0 and the chance of a steady income are also limited!
BFL are finished as a company due to this as any future releases of EQ will be avoided by the BTC community.
During the gold rush the only people that got rich were the guys selling the shovels !
bitcoin is becoming only for the rich and elite.
Profitable individual home brew mining will ends together with this year, imho.