Post
Topic
Board Beginners & Help
Re: 11.5 per btc by Sept 8
by
c4n10
on 10/09/2012, 09:50:40 UTC
So expensive now, wonder how might it will get to next year
Expensive? Bitcoin is extremely cheap at the moment, after the rate drop due to the pirate scam a few weeks ago.

And remember, mining rate will be halved in 3 months. Guess what's that gonna do for the EUR/BTC rate?

The value is only going to increase because as we feed the network more processing power the difficulty will grow proportionally, it's a self-feeding cycle where we'll catch up to a decent mining speed but then the difficulty will reach a level of insanity that will eventually outdate the new asic's coming out next month...