I've been and will be mining even if not profitable ! I do not plan to buy anything (fiat currency or stuff) with my BTC unless they reach well over 20 U$
Topic: Difficulty drop (Read 1078 times)
The chop will not affect the difficulty. And since we have a pending ASIC market penetration, its going to be going waaaay up for a while.
Most smallish miners dont even bother to calculate profitability. PLus, if you get free elec you may as well keep mining regardless (unless you are worried about damage to hardware).
Not gonna happen. History has proven that most miners will continue to mine for a month or two even after it's unprofitable in the hope 'things will turn around'. Most GPU miners are going to mine right up through the introduction of ASIC's and the drop in Reward. When they see how futile it is, they'll drop out then, but I doubt we'll even notice it as more ASIC's come online.
Since reward halving might come before ASICs, how much do you think difficulty would drop in November if thats the case?
Meaning how many of the GPU miners will have to stop if their revenue halves with current price/difficulty?
Meaning how many of the GPU miners will have to stop if their revenue halves with current price/difficulty?
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