06 Feb '13, 3pm

Bitcoin Ends January Up 51%, Largest Monthly Increase Since 2011: #Bitcoin

Mining results will vary based on the Bitcoin mining difficulty , with automatic periodic adjustments that re-calibrate production so that it resumes at the targeted rate. The biggest adjustment to difficulty in 2012 was under 15% and at the end-of-year the difficulty was not even three times the level it was at when the year started. ASICs have the potential to do that same level of an increase (tripling) in just a matter of a couple months. A dollar’s worth of ASIC hardware performs hashing at the rate that is nearly two orders of magnitude over what a dollar’s worth of GPU hardware does so we are likely just a couple months (or less) away from seeing the end of any GPU mining that is profitable.

Full article: http://www.bitcoinmoney.com/post/42429739154/bitcoin-ends...

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