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I have a question
does the monthly luck ever have a chance of going 113%
seems to me the monthly should be pretty close to 100%.
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stupid people rent 24 hour contracts.....
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yup sure is not fair, warming up your hole with $4000 heater and paying electricity too.
will be even more unfair in the summer.....
hows this for sarcasm?
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I get it, and by all means mine away
but let say it went to $20USD a coin
hell shutdown and buy on the open market.
my point is, we are coming to a point where the pace of mining might actually slow down, pick up again, later for sure
but for the first time, network hash rate might actually go down or hold steady.
anyway, might not.
it is fun thinking about it tho.
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at a certain point shutting down the mines will be neccesarry.
$436 and falling
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frankly
at this point in time
the chumps that bought it to that monstrosity are holding the bag
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price of bitcoin crashing is a good thing, "BIG" miners will have to shut down until the price improves, at $135 the mongo outfit above just cannot be making money, (just like real world gold and diamond miners do) , which gives the little fish (like me) more chance to mine with their obsolete hardware. As in the real world, when the price improves, as in the real world anywhere from 1 to 15 years from now, they can start up again.
WOW, and i thought my $1000 spent was risky.....
imho.
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I wonder at what price point USD/BTC it is just better to turn the lights off?
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yes yes the block, why cant I stop watching? fixated by the device stats...
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yes yes the block, why cant I stop watching? fixated by the device stats...
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when your target market is 7 billion people, it can take seconds to advance, and decades to make up the decline.
still, I keep all the "golddust" I capture , for the future.
but my original point was, from a mining perspective, the cost at 600USD a "ton" is just not economical.
;O)
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the only thing that would make this hobby "fun" at this time, is if the USD/BTC exchange went top $1200 again.
I blame that moron that ran MT. GoX. for taking back bitcoin 5 to 10 years.
the bottom line is, USD/BTC < $1200 not going to work.
sorry , just calling a spade a spade.
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hardly paying off at $570
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its over over yet, so far 1 block in 30 hours......... and counting.....
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well well well, this will certainly separate the men from the boys around here........
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