Post
Topic
Board Mining speculation
Re: Newest Diff thread April 19th to May 1st-Closed for picks!!
by
philipma1957
on 30/04/2015, 13:55:43 UTC
What is GBTC and what does it have to do with diff adjustment?

Is it your thought that this will raise the price of BTC?


http://www.nasdaq.com/symbol/gbtc/stock-chart


looks to be put on hold see link above.

there is a rally of sorts as  I see coinbase.com at 232 usd

https://www.coinbase.com/charts

GBTC is a kind of BTC ETF and will give opportunities to "normal" investors to invest in BTC. Yes, I believe it affects BTC price in a positive way since there will be new demand for BTC.

And how do I relate to diff adjustment: Well, normally BTC price follows difficulty as what I understand from mining-price relationship. However, I believe (possible) increase in the price of BTC with this kind of demand outside of BTC world will trigger to miners back to BTC mining (regardless of electricity cost or other more profitable sha256 alt mining) 
Of course , this is just my speculation.
Would be nice to see this.  Demand has not been too good. I am hoping this pushes demand upward.

 Funny you think BTC price follows difficulty.   I guess it is a chicken or the egg thing.