Quote from: Soros Shorts on January 16, 2015, 03:18:24 PM

Quote from: bornil267645 on January 16, 2015, 02:51:25 PM

Miners are the reason bitcoin are getting into the chain at the first place, how;s that killing, isn't that the opposite?

The problem supposedly is that currently there are too many miners operating in marginally profitable conditions and allegedly dumping coins on the market.

Well the mining ecosystem was designed to be a closed-loop feedback system with an inherent lag. Anyone who has studied control engineering will understand what is happening now. Eventually some miners will bail out and close shop and there may be less dumping of coins. I say may, because I don't really believe it is the miners doing the dumping. I am a small miner myself, with just under 50 TH/s and I have not sold a single coin since November.

imagine that your are a miner with a lot of BTC and you close your shop. what will you do? will you keep the useless BTC or will you cash it out as soon as possible? Yes, you will cash it out because it's a about a lot of money. In end, the money are better in a bank then in a "cold storage" from where it can disappear overnight