Topic: The difficulty is now at a new all time high - page 3. (Read 6511 times)

Looks like it's time for me to look into FPGAs for present demands (as it looks like BFL won't be able to meet my needs due to really long pre-order list for the ASICs/plus their famous delays too) as well as look into suppliers of mining equipment (GPUs/FPGAs/ASICs) who are reputable (I'm sticking to UK suppliers for tax reasons plus legal protections if something goes wrong,like non delivery/faulty product).

I think I've reached the limit for my current equipment (as they can't be pushed any further on the MBP and PC with HD6950 under current conditions) so I'll have to think carefully where I thread from now on (either consider further expansion of mining capability or plan for a phased withdrawal if suppliers in UK are unable to meet my needs for equipment plus I can't trust overseas suppliers due to tax/buyer protection issues.In UK buying abroad means paying tax at customs to 'release' the shipment at customs and this can take time).

I'm also diversifying my portfolio for which crypto currencies to mine with (currently consists of BTC and LTC since SC is no longer meeting my needs-big delays in Microcash transition is putting me off further investment until things are on a more solid footing with SC/MK) so for now this'll help me in the short term.

Anyway thats,that for the strategy part. I do think that when more people get annoyed at very high difficulty,they'll simply drop out of mining (as it's unprofitable for them) and the difficulty will drop and cycle will repeat itself thus business as usual.

Batten up the hatches

uhhhh, more mining power?

Look at the price, its only going to go up more.

The last difficulty peak was around August 2011, below 2,000,000.

The difficulty is now 2,036,671, clearly exceeding that peak.

Thoughts ?