Bitcoin Forum
February 03, 2023, 11:24:35 PM *
News: Latest Bitcoin Core release: 24.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Price sensitivity  (Read 770 times)
yochdog (OP)
Legendary
*
Offline Offline

Activity: 2044
Merit: 1000



View Profile
September 09, 2011, 05:13:04 PM
 #1

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! 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
1675466675
Hero Member
*
Offline Offline

Posts: 1675466675

View Profile Personal Message (Offline)

Ignore
1675466675
Reply with quote  #2

1675466675
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
jjiimm_64
Legendary
*
Offline Offline

Activity: 1876
Merit: 1000


View Profile
September 09, 2011, 05:22:18 PM
 #2

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

numbers from ars is nice and steady

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

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!