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Author Topic: Network hash rate stopped growing since july  (Read 1032 times)
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Bitcoin is antisemitic

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September 17, 2011, 08:10:26 PM

(And is probably going to drop a lot to be consistent with current price and difficulty):

(I just went on strike since price does not seem to have a bottom. Wake me up when it is back above 5$ or difficulty is halved)
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September 19, 2011, 11:53:12 AM

(... Wake me up when it is back above 5$ or difficulty is halved)

Bzzzzz Bzzzzz Bzzzzz
Price is over $5.
Difficulty is not going down, since people with equipment already paid for are making money. (Even if very little)
But ROI does not justify deploying any new equipment, and existing equipment might never return the investment already made.
(But leaving it idle will only increase the loss)
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Quality Printing Services by Federal Reserve Bank

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September 20, 2011, 09:19:27 AM

It probably takes time before the fall in hashing rate accelerates. I guess many are still waiting for others to quit Smiley
(But leaving it idle will only increase the loss)

Probably not but you can increase you loss when you keep it running, paying for electricity. Lest not forget the hardware depreciation and all the time you waste by keeping the rigs running.

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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September 20, 2011, 09:38:41 AM

I cannot speak for everyone else but for me my break even point is somewhere around $2-3/BTC...but that has to be the monthly weighted average before I will consider shutting down.  To me it matters very little what happens on a daily/weekly scale. 

Also, I am not selling any BTC til prices are back in the range I deem "acceptable".  I would rather go all or nothing on my BTC holdings.
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