I was having a retard moment. My Avatar Picture is evidence of it
I've been doing some projections and this is what I think the network will do...
JANUARY 1st 2012
Network will bounce between 17TH - 22TH
FEBRUARY 1st 2012
Network will bounce between 14TH - 18TH
MARCH 1st 2012
Network will bounce between 12TH - 17TH
APRIL 1ST 2012
Network will
stabilise between 11TH - 16TH
The data is based on these variables staying...ASICs still being on the horizon.
While people are waiting for ASICs they won't create much new power.
Power costs force GPUs out.
BITCOIN value continues to be stable or rise slowly ($0.50 -$1.00 USD per month)
I for one can't wait until I'll be earning the same amount on March 1st as I was on Nov 1st.
What yas think?