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November 28, 2013, 08:45:34 AM |
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My thoughts: If the profit margin of mining changes slowly enough, the profit rate should stabilize pretty well. But if the margin changes apruptly, most likely for a significant loss of the XBT market value, if could take a long time until it will adjust. Especially today where a lot of ASICs are in use, the people would not know much to do with their miners otherwise so they just might decide to continue mining for quite a while, hoping for the market rates to rise again. Or they could start mining other cryptocurrencies like Litecoin or Namecoin though I guess their market rates are quite closely tied to XBT.
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