There will always be an arbitrage between the currencies that will provide some miners an opportunity to squeeze some profit.  As difficulty increases and more miners appear the profit margins will get tighter and these small percentage differences will be all that is left for profits.  Its like what happens in the big exchanges.  First it was program trading, then high frequency trading for fractions of a fraction of a penny.  Only the big traders will be able to turn that profit.
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I agree entirely. I did forex for a while for fun and even doing 100:1 leverage it is still hard to turn much of a profit without a huge nest egg. I fear asic mining will bring that to BTC relatively soon.

That is exactly what i am afraid of and then due ot the inherent nature of bit-coin it falls.

Your card will be running like you were playing a game and your card will draw pretty close to its max power draw.

I think the prices at the moment are kept steady by everyone hoping for another 200+, then dump. Truth is I think it will have to go down before it goes up and stays up. From my limited forex trading a meteoric rise is normally matched with a huge slide shortly after driving people off. Then steady growth will hopefully be the picture.

Either that or the range it is bouncing around now will become a comfortable zone and people will sell to quick if it rises,  afraid of the impending crash, and buy as soon as it falls trying to catch it low to sell at 200.

I could be wrong and most of my opinons are just that, opinions.

Also IMHO being a chartist will help you know when to get out before, if it crashes, and also when to hold when everyone else is selling. People can be very predictable when acting as a group.

This may not answer your question, but my 7950 slightly overclocked running pretty heavy can do about 500KH/s. Teamed with my old 4870 I average a total KHs of about 600-650.

Hope that helps in your search or clarification.

My fear is that ASICs will out mine everyone, giving only a select few, with the capital to afford asics, the ability to mine. Since there is no government forcing people to use bit-coins unlike EUR, USD, etc..., as they become more rare people wont waste there time because unlike the USD they have other options. Then BTC will drop for another Coin and thus will begin the cycle of crypts-currencies. Once they are no longer able to be mined, why waste time? Due to the difficulty of BTC, i rarely try to mine anymore and with ASICs in the picture I will not at all unless i can pony up to get one. I have moved to other coins in hopes that I can ride them up before the difficulty gets too great.

To me one of the beautiful things about crypto-currency is that through decentralization, if someone controlled too much of it, it will just be sold off by everyone else because whats the point in dealing with a currency that only a few people control, and you don't have to because no government is backing or forcing you to use it.  But using this premise will asics bring the beginning of the end?

I guess my fear is that due to fast over mining, will the cryptos just cycle in and out, BTC then LTC then PPC then TRC then etc... making them not appealing to the massses, allowing for a centralized version to step in, defeating the entire purpose of the cryptos in the first place?

This is just something I have been pondering and really wanted to get some input from others. Should have been more descriptive in my OP.

I was wondering if the ASIC miners will destroy bitcoin my making it flow more freely? Anybody have any thoughts on this?


<adding one of my replies to my OP so it can be more descriptive>
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