Now with block halving coming it worries me that lots of people will turn their miners off due to lack of profit or no profit what so ever.
Are we due new tech chips coming soon? Do current asics match up to only getting a reward of 12.5 BTC?
I am looking at mining hardware but really unsure whether to wait or not.
Don't worry, no one's turning off their miners, did you not notice the btc price has risen to 750? The break-even point is 400 for average miners these days, so they're making 350 in profit.
New tech chips have already come out, did you not notice Bitmain's S9? Current ASICs, including S7 and Avalon 6 will be profitable at 12.5 block reward after the halving.
I think you're worrying needlessly, there's nothing to worry about, miners will continue to mine, most of them are adding more miners, you should too.