I would like your opinion on the price of Gh/s on Cex.io.
At the moment, It is low, around 0.048 BTC for 1 gh/s.
And it's continuing to fall.
With the new mining difficulty hitting in under 4 days, will this cause users to buy more gh/s in order to to speed up and get more profit, therefore raising the price of gh/s?
I would say, yes. But i would like some opinions from cex.io users. Thanks.
When the difficulty rises, the price goes down because 1 GH/s mines less BTC. Would you pay more or less for mining equipment that mines 30% less?
As far as buying cex.io shares, consider these issues:
1. With the difficulty going up so quickly, 1 GH/s is likely to mine less than 0.025 BTC over the next year. It doesn't make sense to pay 0.048 BTC to mine 0.025 BTC.
2. The price of 1 GH/s is dropping quickly because the difficulty is rising quickly. It has dropped 80% in the last three months.
If the difficulty continues to rise at the current pace and the price continues to fall, then 1 GH/s will be worth 0.000077 BTC in a year. Even though the difficulty increases will start to decline in a few months, the price will of 1 GH/s will still drop to around 0.0037 BTC in six months. That would be nearly a total loss of your investment.
Edit: Replaced my example with a more realistic prediction.
