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Title: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: igorr on December 17, 2013, 08:20:29 PM Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s,
because mining factor constantly decreasing from 2009 year to until today. Mining factor was 150 USD/24h@1GHash/s, 2009 year, and today is 0.4 USD/24h@1GHash/s, When mining factor comes at value 0.01 USD/24h@1GHash/s, then it will bitcoin definitely be dead, and probably the much earlier. Here is all history data. Link: http://blockchained.com/ Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: jaked on December 17, 2013, 08:30:05 PM A gram of sugar costs 0.001 USD, yet sugar is a multi-billion USD industry.
Your analysis makes no sense. Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: 12648430 on December 17, 2013, 08:44:02 PM Are you saying no one will mine because there will be too much competition?
Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: igorr on December 17, 2013, 08:52:01 PM Bitcoin prices can not follows the increase that follows the difficulties, consequently mining factor decreases.
http://easycaptures.com/fs/uploaded/851/6393925424.png (http://easycaptures.com/6393925424)View Screen Capture (http://easycaptures.com/6393925424) for next 3-4 days diff rise over 1.13 bilion, What when diff comes at 1000 bilion, anyone want to pay bitcoin per his real price, 100 000 usd or much more ? Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: Vigil on December 31, 2013, 02:15:08 AM Bitcoin prices can not follows the increase that follows the difficulties, consequently mining factor decreases. People will pay whatever bitcoins are worth. http://easycaptures.com/fs/uploaded/851/6393925424.png (http://easycaptures.com/6393925424)View Screen Capture (http://easycaptures.com/6393925424) for next 3-4 days diff rise over 1.13 bilion, What when diff comes at 1000 bilion, anyone want to pay bitcoin per his real price, 100 000 usd or much more ? Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: Eryxx on December 31, 2013, 07:21:02 PM Bitcoin prices can not follows the increase that follows the difficulties, consequently mining factor decreases. People will pay whatever bitcoins are worth. http://easycaptures.com/fs/uploaded/851/6393925424.png (http://easycaptures.com/6393925424)View Screen Capture (http://easycaptures.com/6393925424) for next 3-4 days diff rise over 1.13 bilion, What when diff comes at 1000 bilion, anyone want to pay bitcoin per his real price, 100 000 usd or much more ? Not to be contrary, but it's actually exactly the opposite, Bitcoins are worth what people will pay for them. Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: maursader on December 31, 2013, 07:23:13 PM Plus, second to none, Litecoin would then become a very.. very viable option to transfer wealth over to.
Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: igorr on February 19, 2014, 12:06:13 PM the end is coming, today mining factor is 0.09 USD/24h@1GHash/s
http://easycaptures.com/fs/uploaded/650/7042483512.png (http://easycaptures.com/7042483512)View Screen Capture (http://easycaptures.com/7042483512) Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: Automatic on February 19, 2014, 12:07:37 PM the end is coming, mining factor is 0.09 usd per Gh at 24h http://easycaptures.com/fs/uploaded/650/7042483512.png (http://easycaptures.com/7042483512)View Screen Capture (http://easycaptures.com/7042483512) Refer to:- Are you saying no one will mine because there will be too much competition? Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: igorr on February 19, 2014, 12:13:13 PM the end is coming, mining factor is 0.09 usd per Gh at 24h http://easycaptures.com/fs/uploaded/650/7042483512.png (http://easycaptures.com/7042483512)View Screen Capture (http://easycaptures.com/7042483512) Refer to:- Are you saying no one will mine because there will be too much competition? The price is three times was artificially raised by mining hardware manufacturer in cooperation with MtGox currency exchange. Now manufacturers mining hardware no have any interest that raising prices ! http://easycaptures.com/fs/uploaded/648/2805773688.png (http://easycaptures.com/2805773688)View Screen Capture (http://easycaptures.com/2805773688) [/quote] Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: InCoinsITrust on February 19, 2014, 01:07:10 PM the end is coming, mining factor is 0.09 usd per Gh at 24h http://easycaptures.com/fs/uploaded/650/7042483512.png (http://easycaptures.com/7042483512)View Screen Capture (http://easycaptures.com/7042483512) Refer to:- Are you saying no one will mine because there will be too much competition? The price is three times was artificially raised by mining hardware manufacturer in cooperation with MtGox currency exchange. Now manufacturers mining hardware no have any interest that raising prices ! http://easycaptures.com/fs/uploaded/648/2805773688.png (http://easycaptures.com/2805773688)View Screen Capture (http://easycaptures.com/2805773688) [/quote] So what are you saying, manufacters are not interested in price grow ? Title: Re: Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!! Post by: igorr on February 19, 2014, 01:25:53 PM that it is in their interest, but it is no longer possible !
Difficulty to end 2014 year will be about 700 bilion. For 9 days +23% or 3.8 bilion !!! http://easycaptures.com/fs/uploaded/650/5099981038.png (http://easycaptures.com/5099981038)View Screen Capture (http://easycaptures.com/5099981038) |
