Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s !!!

[igorr]

Bitcoin will be dead before mining factor comes at 0.01 USD/24h@1GHash/s,
because mining factor constantly decreasing from 2009 year to until today.

Mining factor was 150 USD/24h@1GHash/s, 2009 year, and today is 0.4 USD/24h@1GHash/s,

When mining factor comes at value 0.01 USD/24h@1GHash/s, then it will bitcoin definitely be dead,
and probably the much earlier.


Here is all history data.

Link: http://blockchained.com/

[jaked]

A gram of sugar costs 0.001 USD, yet sugar is a multi-billion USD industry.

Your analysis makes no sense.

[12648430]

Are you saying no one will mine because there will be too much competition?

[igorr]

Bitcoin prices can not follows the increase that follows the difficulties, consequently mining factor decreases.

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for next 3-4 days diff rise over 1.13 bilion,
What when diff comes at 1000 bilion, anyone want to pay bitcoin per his real price, 100 000 usd or much more ?

[Vigil]

Bitcoin prices can not follows the increase that follows the difficulties, consequently mining factor decreases.

View Screen Capture

for next 3-4 days diff rise over 1.13 bilion,
What when diff comes at 1000 bilion, anyone want to pay bitcoin per his real price, 100 000 usd or much more ?

People will pay whatever bitcoins are worth.

[Eryxx]

Bitcoin prices can not follows the increase that follows the difficulties, consequently mining factor decreases.

http://easycaptures.com/fs/uploaded/851/6393925424.pngView Screen Capture

for next 3-4 days diff rise over 1.13 bilion,
What when diff comes at 1000 bilion, anyone want to pay bitcoin per his real price, 100 000 usd or much more ?

People will pay whatever bitcoins are worth.

Not to be contrary, but it's actually exactly the opposite, Bitcoins are worth what people will pay for them.

[maursader]

Plus, second to none, Litecoin would then become a very.. very viable option to transfer wealth over to.

[igorr]

the end is coming, today mining factor is 0.09 USD/24h@1GHash/s

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[Automatic]

the end is coming, mining factor is 0.09 usd per Gh at 24h

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Refer to:-

Are you saying no one will mine because there will be too much competition?

[igorr]

the end is coming, mining factor is 0.09 usd per Gh at 24h

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Refer to:-

Are you saying no one will mine because there will be too much competition?

The price is three times was artificially raised by mining hardware manufacturer in cooperation with MtGox currency exchange.
Now manufacturers mining hardware no have any interest that raising prices !

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[/quote]

[InCoinsITrust]

the end is coming, mining factor is 0.09 usd per Gh at 24h

View Screen Capture

Refer to:-

Are you saying no one will mine because there will be too much competition?

The price is three times was artificially raised by mining hardware manufacturer in cooperation with MtGox currency exchange.
Now manufacturers mining hardware no have any interest that raising prices !

View Screen Capture

[/quote]

So what are you saying, manufacters are not interested in price grow ?

[igorr]

that it is in their interest, but it is no longer possible !
Difficulty to end 2014 year will be about 700 bilion.

For 9 days +23% or 3.8 bilion !!!

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