Est 19.5M difficulty

[jdany]

Est 19.5M difficulty in 549 blocks.

Holy. Shit.

This is a whole different game being played now.

[Xian01]

This is a whole different game being played now.

[jdany]

I bought 2 plastic gold pans - and I went panning for gold in a river this passed weekend. 
3 flakes of gold I done found.
Umm hmm.

Probably all of 3 cents for 30 minutes work.
I reckon'

[jdany]

Can I sell shares of jd's gold mining company?

[GSnak]

Wonder what the payoff time for a Block Eruptor will actually be.

[jdany]

It'll take awhile.  I was half tempted to invest $13k ordering a batch.. but I did the math.

[PCMiner]

It'll take awhile.  I was half tempted to invest $13k ordering a batch.. but I did the math.

You didn't do enough math.  You need to bank on other people not doing it either.  Buy a whole batch and sell for cash!  Yippee! 
You could probably mine on them also while they are in inventory adding to your reserve!
The money isn't in mining anymore, the new money is selling shovels to suckers.

[GSnak]

They've already gone from $520 two weeks ago to $300, so I wouldn't invest too much in that strategy.

[jdany]

The money isn't in mining anymore, the new money is selling shovels to suckers.

+!

[tutkarz]

but they wont buy forever so difficulty should slow down i think when people stop mining because of too low price and too high difficulty.

[suryc]

but they wont buy forever so difficulty should slow down i think when people stop mining because of too low price and too high difficulty.

Yes, either this happens or the price of btc has to go up. Somethings gotta give.

[hasher87]

but they wont buy forever so difficulty should slow down i think when people stop mining because of too low price and too high difficulty.

Yes, either this happens or the price of btc has to go up. Somethings gotta give.

as the rate of obtaining btc is getting harder, yes i believe the price would go up as well

supply / demand..its the usual economic

[Amph]

when the difficulty will reach 100M, you will laugh at this topic, and so on