Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Blawpaw
on 12/01/2015, 17:31:15 UTC
Quote from: grappa_barricata on January 12, 2015, 05:13:51 PM
Quote from: klondike_bar on January 12, 2015, 05:10:20 PM
Quote from: grappa_barricata on January 12, 2015, 04:56:39 PM
Quote from: luckygenough56 on January 12, 2015, 04:53:11 PM
suspending cloud mining doesn't necesserily mean that they stop mining internally, does it ?

That's why it will drop 10% instead of 30%+

unlikely it will drop like that. The cloudmining contracts might end, but the hardware will still exist. It may likely just be used for CEX's private mining.

I expect a 0% diff change because a lot of 1w+/gh gear will shut off but be replaced by newer S5/SP20 gear

They are shutting down some of their hardware, the unprofitable one. If they were to replace it soon (eg: in a week) then why doing the announcement and shutting down GHS on their client's face entirely?

What can this mean for the Bitcoin network?Huh?