Mine and dump

[gallery2000]

How is bitcoin ever going to go up in price if all these gigantic companies (Cointerra, Bitfury, etc.) mine and dump their bitcoins? This is the same problem as strawberry farmers in the USA.  The price of strawberries were so low because farmers flooded the market with them.  For some farmers, it is better to let their strawberries rot then to hire people to pick them (lose more money that way).

[tarmi]

it is not their fault.

every day you have 3600 or even more freshly coined bitcoins.

[TheJuice]

How is bitcoin ever going to go up in price if all these gigantic companies (Cointerra, Bitfury, etc.) mine and dump their bitcoins? This is the same problem as strawberry farmers in the USA.  The price of strawberries were so low because farmers flooded the market with them.  For some farmers, it is better to let their strawberries rot then to hire people to pick them (lose more money that way).

Everyday the % of new coins compared to old shrinks. The next big price jump will be at the 12.5 halving in 2016.

[Nagle]

How is bitcoin ever going to go up in price if all these gigantic companies (Cointerra, Bitfury, etc.) mine and dump their bitcoins?

That's mining. You mine, you sell. Bitcoin speculation is a separate business. Some people engage in both, but should account for them separately.

[SMB-2525]

At today's difficulty, a 2W/GHS miner makes money on 0.10/KWH power down to $100/BTC.

[Bitsaurus]

At today's difficulty, a 2W/GHS miner makes money on 0.10/KWH power down to $100/BTC.

That's true if you assume all your costs are related to electricity to run the miner only - this might be true for people with only 1 device.  If you have multiple devices you need to add in cooling costs, maintenance, the cost of space (not all mining space is free).  At some point if the miner is bringing in $0.01 a day it may be worthwhile to shut it down and move to some other miner or some other endeavor that could better utilize the resources.

[BTC_Fundamentals]

Where it can be seen, when the next 12.5 halving will happen ?

[Bitsaurus]

Where it can be seen, when the next 12.5 halving will happen ?

It's not happening until sometime around the middle of 2016 - probably around June 2016 give or take a month.  The last halving from 50 to 25 was November 2012.

[johncarpe64]

How is bitcoin ever going to go up in price if all these gigantic companies (Cointerra, Bitfury, etc.) mine and dump their bitcoins? This is the same problem as strawberry farmers in the USA.  The price of strawberries were so low because farmers flooded the market with them.  For some farmers, it is better to let their strawberries rot then to hire people to pick them (lose more money that way).

That is why halving is needed to reduce the supply.. but anyway difficulty is higher so its more expensive to generate 1 btc...