I shouldn't have.
I should have sold the GPU's I had and replaced them with 7970's and then I'd be making as I was before the reward split. Now it doesn't make sense to do that.
Unless... there are no ASICs.
Then I'm fine, and I'll be buying 7k and 8k cards to replace the aging 5k's I have. Total BTC out, 25.4112 for a $150 preorder, and a chargeback on the mini single upgrade.
I may be the newbie here but how do you figure?
Even underclocking a 7970 to make it more efficient will pay the electricity to run it, but won't make a lot of profit. Unless a new 8k-series card can hash like crazy without using much power it's just a way to move dollars to bitcoins until the block reward halves again. (Well it protects the network I guess.)
Why not just buy the coins at an exchange?
1) I'm a miner.
2) I am currently self employed.
Which means, I only make enough to pay rent, utilities and gas in my car with my hash rate and the current conversion rate. What I do on the side (computer repair) keeps the doors open, and allows me to save a few coins, but the economy and a shift away from PC's toward tables has hurt business.
