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a thing I've been wishing I had is some sort of price-vs-difficulty comparison metric - you might think, for example, that the dramatic rise in bitcoin costs wo
by jes5199 14y ago
a thing I've been wishing I had is some sort of price-vs-difficulty comparison metric - you might think, for example, that the dramatic rise in bitcoin costs would mean that mining had gotten more profitable - but unfortunately, the first wave of "Application Specific Integrated Circuits" are being deployed, and they're not even available for sale yet - so the mining capacity is suddenly and dramatically in the hands of a small group of organizations.
But that hasn't been obvious at all from the various charts online.
- wmf 14y agoCheck out the "mining factor" metric: http://www.bitcoinx.com/charts/ http://www.bitcoinx.com/charts/ Mining is as profitable today as it was back in July 2011.