Quote from: Jeremias on February 01, 2015, 07:06:21 AM

Quote from: Q7 on February 01, 2015, 06:51:17 AM

Think we underestimated the cost of mining. If we look at the current hash rate statistic, the drop is not significant and that means there are still people who leave their machine running. Generally miners won't do that if it's not profitable.

Then, isn't this a paradox, when prices were $3 at the start of 2013, miners were there and now also miners are there, so does that seem to point to the fact that mining is price independent. No matter what the price is there will be miners and sellers.

2013 started around $13.
IIRC, we haven't seen $3 since late 2011, and 2012 started around $4-$5.