Okay right now the marketcap is
bitcoin at 6.87 bill
ethcoin at 1.97 bill
https://coinmarketcap.com/This is a direct result of asic builder sucking their own cocks so to speak. Feels good and you think you don't need anyone or anything else in the world. Eventually you close the loop and die off.
Bitmaintech
Avalon
Bitfury
B&W
Could be in a world of shit very soon. Just track the marketcap.
Do you want to mine bitcoins?
Rent an ethminer from me I can pay 2x what you get from renting an s-7 from nicehash.
the in balance has been caused by Asic miners just pleasuring them selves from self mining and restricting asic chips to the rest of the world.
See this thread
https://bitcointalk.org/index.php?topic=1477094.msg14904329#msg14904329moved from bitcoin to alt coin. Just because people do not see the hand and hand relationship alt coins and btc have.
Oh well.
To be transparent I have
210-220 mh mining Eth coin power used = 1900watts monthly earnings 805 usd power cost is 255 net = 550
27th mining Btc coin power used = 7000watts monthly earning 925 usd power cost is 0 net = 462
my deal is free power and split coins on the 27th.
I have some compac sticks mining at bravo-mining,
I have some eth coins,
I have some btc coins,
I have some cash,
I have some btc loaned to people,
So shift the cap on btc to 5 bill and on eth to 3 bill and the aisc builders are in bad shape.
Me thinks we could be seeing a fundamental shift away from BTC to ETH.
Mostly caused by asic builders fucking the pooch.
But I have been wrong before so time will tell.