Price sensitivity

[yochdog]

It looks like we have reached a point (with BTC around $5-6) where marginal miners really start to shut it down.

Just watching the Deepbit hash rate the last couple days has shown a drop of almost 600 GH/s!  That is a massive amount of mining power going by the way-side.

I think it will be interesting to see if that is a permanent loss of miners (ie, selling their equipment), or if most will stand by, and turn them back on at higher prices. 

I suppose the silver lining is that my 10,000 MH/s now comprises a larger slice of the pie.  More BTC for me! 

[jjiimm_64]

hmmm,  <- wondering if I should go proportional again? 

numbers from ars is nice and steady

Current Hashrate: 16154 MH/s
Paid Work Last 24h: 8.10731181 BTC