Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aliro38
on 28/04/2015, 15:37:42 UTC
Quote from: Wings1987 on April 28, 2015, 03:27:35 PM
Quote from: aliro38 on April 28, 2015, 03:21:34 PM
Quote from: Wings1987 on April 28, 2015, 02:56:56 PM
It wouldn't doesn't take much to push the rest of the world out of mining if that were, which is the case.

Edited that for you.

Thanks. Smiley

Doing too many things at one time.

Welcome.
How do you think anyone can compete in long-run mining with a country where electricity is already very cheap and may be obtained even cheaper? (like 2-3-5x or more times cheaper...)
If our cost is 220$ (give or take), what would be their cost then?
I'd bet mining farms in China grow like mushrooms after a rain. On the other hand, I also suspect that ASIC companies keep the hefty profits under control, mostly for themselves and maybe for a small group of investors. That's why global hash-rate is relatively stable.