Quote from: odolvlobo on January 15, 2015, 05:34:48 PM

Quote from: arbitrage001 on January 15, 2015, 04:06:37 PM

Quote from: solid12345 on January 14, 2015, 06:17:00 PM

Am I the only one who doesn't get how miners think they have to shut things down the moment Bitcoin becomes unprofitable? Do gold miners quit mining because they haven't found gold in a few weeks and are not making much money?

What is the point to mining but to speculate, if I dropped out of crypto everytime I made a loss then the market would go nowhere. This is capitalism, nothing in life is certain and handed to you on a silver platter. Write it off on your taxes and hold your coins and hope for next month to make up your losses and then osme.

Asic manufacture has much lower cost than average miners. But I doubt they can continue production any longer if price stay this low.

They will have to drop their prices, but as long as the price of the miner is more than the manufacturing cost, they will keep pumping them out.

There have been several manufacturers that have had significant amounts of trouble selling the limited amount of miners that they have in inventory. This will result in overall lower miner prices.