The Future of Mining

[Its About Sharing]

With the difficulty and hashing rising by the day, what is going to happen when the small guys can no longer compete? (I have a 5Gh BFL on order, but things have slowed down again and I'll be lucky to see it this year.) 5 and 10 GH mining rigs have what, 6-8 months of life left in them? It is the much bigger rigs, if you can get one, where the profitability is at. The fun part seems to be leaving.
And this almost exponentially difficult level really cuts out the small players (except for group buys and such, but that still is a taking the mining out of the home).

This will probably mean we essentially have a fairly centralized network, which is against what BTC represents.
Will the network reach a max level and then just near halt or barely grow then?

Something about this just doesn't feel right. Agree with lunarboy, looks like a near fatal flaw and it is exponentially sneaking up on us!

Logical predictions about the effect of all this?

IAS

[lunarboy]

Seems to be the Elephant in the room.

good segment on LTB https://soundcloud.com/mindtomatter/e22-asics-forensics-and-other?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheDailyBitcoinShow+%28Let%27s+Talk+Bitcoin!%29

but really just asks more questions and offers no answers.