I'm currently mining with my computer's GPU (GTX 660) and want to invest in some dedicated hardware.
As a total newbie, here are my thoughts:
- BTC: no longer profitable. Requires expensive mining rigs to break even plus difficulty is still exponentially increasing. What about other SHA-256 coins?
- Scrypt: new generation of ASIC chips is coming soon and will be more cost efficient than current Gridseeds (MH/$). However, if we consider the massive amount of alts, difficulty increase (due to new technologies flooding the market) migth be less of a problem...
I have 5k. What will you do with it? Buying some Gridseeds? Waiting for ZeusMiner/KnCMiner/others to be released? Forgetting about mining for now? Checking out cex.io?