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.