Quote from: Strongkored on January 06, 2016, 05:34:47 PM

Quote from: Wilhelm on November 29, 2015, 12:31:26 PM

Quote from: NanoPipe on November 26, 2015, 11:16:10 AM

The cost of Chinese miners powered hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

And then the inevitable happens... the price rises .... and mining becomes profitable again.

That's how the cookie crumbles!!!

The difficulty will rise again to make the mine less profitable, then the price rises again. This cycle continues.

The difficulty is predicted to rise 8.5% in 5 days. There are too many new miners coming to the farms.