Post
Topic
Board Bitcoin Discussion
Re: 49 days till the halving, time is flying now
by
Searing
on 22/05/2016, 11:57:27 UTC
as we draw closer to the halving ive noticed a distinct drop in anti-bitcoin threads

seems like going against the tide is not worth their time or effort for now


naw they are just pumping ethereum now imho

49 days from halving..still going sideways....consistency......(silly miner hobby I have)

yeah they say we need the price to double or some big miners are gonna 'get out' and likely have their IPO investors eat it (hint: knc)

IF we don't see the 'anticipated' price jump in BTC price.



prices are so inflated for miners how could they possibly be struggling to turn a profit



 lot of the big miner farms like KNC built on the assumption that BTC prices could never fall below $650 usd. They also bet on 'cloud hosting mining'

So yeah with 1/2 the payout in BTC and the same power and expenses a few could  pull the plug if the price of BTC does not significantly rise to compensate


http://qntra.net/2016/02/kncminer-cuts-of-20-of-employees/