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November 09, 2013, 12:51:32 AM |
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What are you guys' thoughts on bitcoin mining futures/commodities exchanges, such as cex.io?
I bought a small number of GHS before the difficulty increase, fully expecting the price on these GHS to drop as profitability per GHS dropped with the difficulty increase. However, that is not what happened.
I paid ~0.085 per GHS at a time when physical mining hardware would cost nearly twice that, and now it's 0.1013 per GHS. That new ASICMiner cube appears to be 0.06 BTC per GHS. So, now the mining commodities are almost twice what the physical hardware costs. I know there is something to be said about liquidity... but.... I am surprised.
Think it's just a new service kicking off and building interest, or is there a price dynamic that I am not aware of? If the market remains liquid, there is something to be said about that as well - but I am/was just surprised by the GHS price increase.
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