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1  Other / Beginners & Help / Serious minning inquire on: July 29, 2013, 11:08:42 PM
Hi everyone,

I'm just starting to get in the bitcoin mining bandwagon having just purchased a new mining device.
However, trying to plan ahead, I run the calculator on TGB:  http://mining.thegenesisblock.com/
and things look pretty grim.
I was planning on getting a 50 GHZ miner at the end of the year, or perhaps beggining of the next. The calculator shows me absolutely no revenue from that. Ever. Due to difficulty increase.
I was, in the long run, planning to get a 500 GHZ as well, but things look pretty bad aswell.

That calculator shows me that I will never ever get revenue if I start mining with a 500 GHZ in the next few months and since I know for a fact the difficulty will increase due to the increment of people mining,  can't help but wonder: What's next. Is that even possible? Will difficulty increment that fast and in such big jumps? Will the ASIC technology be enough? I was totally prepared to do this but Now I'm a little discouraged (just a lil).

Will the future of mining is combining hardware with others? New technology?
I know it's just a calculator that gives estimates. Seem spretty legit though.

Looking forward to your answers.
2  Other / Beginners & Help / Re: Do you think BTC will hit $200? on: July 29, 2013, 09:55:53 PM
Yes I do believe, but I don't think it will leap there. More like a steady growth.
I do think, however, that eventually it will continue to grow exponetially and it will eventually be worth a lot more than that, but let's wait and see. We must not also take a giant leap of faith based only on predictions. We have to remain watchul and see how things unravel.This is a very organic-ish evolving network, so no predictions will ever be 100% accurate.
Let's keep on miningin in the meantime.
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