The next difficulty is estimated at about 40% jump and even with the current drop in price my miners are about 3 to 4 times more profitable then when I started in April. Stop trolling.
3 to 4 times more profitable.... right... I think YOU'RE trolling. So that's like mining today @ $3-4 a bitcoin at current rates. Who the hell would mine at the current difficulty level for $3-4? If you pay for power, you'd be lucky to make more than a couple of dollars a day.... I call BS.
If you estimate $1.50 / day in electricity for me, which is more than I pay [haven't checked recent bill to be sure what the KWh pricing is, so I am assuming for now the worst case of 10 cents], then I have a little way to go yet and I am what is now considered a fairly slow miner I think, with a little over 1GH/s. Yes, the difficulty will suck [damn the greedy bastards who are putting MASSIVE hardware on line ... some are taking double digit percentages of each rounds payout on major pools], but still remain profitable for a little while yet. My investment is paid off and some profit has been made and I need to decide my route forward; hoard the relatively few coins I mine going forward, cash them strategically, reinvest in hardware which is VERY unlikely, or put the funds into another hobby or two that has slipped over the last few years (by far the most likely).
The people causing the difficulty push by continuously adding new hardware each and every week, unless they are the massive miners who will be the only ones standing before long [and making a small portion of what they are making today for all that massive computing power], will likely break even at best and more than likely not pay off their investment before they are "out-hashed" by the competition and have to give it up. Anybody placing orders for hardware that is just adding a couple of GH/s, unless lucky with bitcoin pricing, and timing of selling coins, will almost certainly not pay off their rigs in my estimation (mining grade GPUs alone have sky rocketed in price to the dismay of some gamers ... although I prefer NVidia for gaming anyway). If somebody is using credit or spending money they can't afford to lose for this, they should see a technical adviser and/or a shrink.
The days of the big plays are ending due to BLOCKS/HR not staying anywhere near 6 as intended. Day trading, long term investment [of hopefully mined coins] or creation of business and products that participate in the bitcoin economy are the way of the future for most people. People getting into mining now are probably starting too late unless using existing hardware or cheap additions to existing hardware only.
It is also possible that I have no clue what I am talking about
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Still, I am a bit risk adverse when it comes to investments that are made without a fundamental basis [even technical investing is riskier than security and commodity trading and I notice the most obvious technical analysis out there always indicates his predictions were correct, but his analysis often comes after the events have started to occur thus making it easy to say that a technical indicator is proving to be correct; go back and see that there were some bad calls].
So, most of my posts going forward are going to be technical related, mining software and pools and little to no discussion of the future of bitcoin economy or politics other than perhaps noting difficulty increases [why bother actually?]. I don't trust bitcoin over the long term [a couple of years max and maybe a lot less unless major parties enter the arena] and I don't trust the U.S. Government at all on the subject [another reason I will quiet my talk in this area ... information I have seen suggests the big players be wary in particular, but probably the loud voices as well].
I have done what I set out to do; have fun, partake in something technical, interesting and a little bit profitable and I am happy with that.