ASIC lowers the barrier to entry to 0.
you plug it in the wall and watch it make bitcoin.
it becomes a matter of how much money you willing to throw at your mining biz. no skills required.
this will lead to mining being more wide spread then ever b4, and profitably going to the absolute minimum.
You've got it exactly backwards.
ASIC is raising the entry barrier because you can't profit from existing hardware. How much fiat will someone be forced to spend before they can start mining.
The only skill aspect to mining has always been programming related... most users aren't writing their own pool software or their own bitstreams. So those skills don't typically belong to the miner.
I hope it will lead to wide-spread mining - that's the point of this, strengthening the network. Profitability will always be in how well you manage your investment- period. This is a different skillset that most miners have already, and it won't be affected by ASICs.
the skill required for miners right now is.. setup this make shift computer running 100 video cards.
but NO MORE! with ASIC you just 1) buy the unit, 2) plug it in, 3) and watch it make bitcoins! a 3 step process!
this will lead to wide-spread mining....
the more people mine the less profitable it becomes. if enough people mine... running a 100 Jalapeno can end up costing you, big time!
i would not be surprised to hear next year, that only Mini Rig 'SC' are profitable.
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