So I have become absolutely fascinated with bitcoin mining operations. I wish SOMEONE would have told me about bitcoin many years ago I would have certainly been all over things in the good old mining days. Im surprised its taken me this long to really come to learn what bitcoin is.
Im mainly posting this to get up to 5 posts so I can start talking in the threads I really want to talk in (Avalon ASIC threads). But from what I have seen am I correct in saying the days where one could buy a ton a high end graphics cards, fill a room and turn a decent profit are long gone? When were those days exactly I guess up until 2011ish?
It seems to me if you aren't on-board (and at the front end) with all the new ASIC processing units, like those from BFL then there is really no hope for you in terms of mining, am I correct?
I would like to hear peoples opinions on just what is going to happen when the vast majority of these back ordered machines start powering on all around the world. Are small time guys dead right away? If you are lucky enough to get one of the BFL units in one of the latter batches are you still going to be drown out by all those in front of you? Just how bad will it be?