You heard about Bitcoins, you want to get a piece of cake too and now you are looking for information how to join the bitcoinrush. Well, I have to disappoint you. First, there are millions of people out there just like you, looking for ways to get those valuable bitcoins. Second, it's already too late and the cake is good as gone.
Mining was worthwhile until the ASIC miners showed up together with companies that made them, and believe me when I tell you that those guys are nothing more then crooks. A small number of companies manufacturing 99% of miners are running them for their own benefit and drag their feet on selling them, or possibly have a deal with each other to keep delaying the ship dates on those mining units. The most powerful miners have to be preordered just to get shipped several months later. Delay is intentional because companies use them to mine Bitcoins several months just for themselves and then discard them to buyers when difficulty gets higher.
Those units were developed entirely to pull in the average Joe miner wannabe like you willing to spend a couple grand on a good setup. Money was not just the only key to entry in to a serious level of the market, there had to be a forced scarcity and true exclusivity. That was achieved by pushing up the difficulty within the bitcoin system itself of the calculations to the point that any GPU couldn't even do much of anything anymore. And especially, couldn't do much of anything for the amount of power it was drawing and heat it was generating. The first jump like that was from high end desktop and server CPUs to GPUs, but then everyone just went and bought a bunch of high end GPU cards, for example: 6950s/6970s.
The ASIC miners made another jump, but this time it made that everybody else is essentially locked out of meaningfully generating anything, unless they have the right contacts (or one of the top ASIC miners). The people who got in before ASIC miners hit the scene are laughing right now. Can you imagine that years ago pizzas were worth a few thousand BTC and people have spent that much just to order a dinner ? Well, those times are gone and same can be said for bitcoin mining.
The gold rush for bitcoins is over. Even the people who managed to get ASIC miners won't do much now that there's systems like huge data centers just for bitcoin mining - see the picture above (not the mention the ones you won't ever even hear about). There is only one way in for average joe and his average system, and that is to hunt for alternatives. This is what this blog is all about: mining alternate coins.
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