Hacker News new | ask | show | jobs
by sgornick 5045 days ago
Consumer-grade mining is a temporary phenomena. In a few months, the block reward will be dropping in half, and most people with GPUs will no longer be able to operate them profitably for mining. This is because FPGA mining hardware has been shipping in volume.

In addition, if ASIC hardware starts shipping, GPU is completely out of the game and FPGAs will be hard pressed to stay powered on.

GPU mining had a good run for nearly two years, but it is about to be obsoleted.

1 comments

So, the only way to get some bitcoins for a single person would be hacking sites like bitcoinica or users? Also, is there a live statistic, which shows how much bitcoins exists right now?
Hacking?

You can buy them, you know. That's the whole point of Bitcoin exchanges.

Maybe he likes to pay the iron price.