Quote from: lightfoot on January 04, 2017, 06:05:27 PM

Quote from: MinermanNC on January 04, 2017, 04:14:25 PM

Ya if you keep your fixed BTC rate your customers will go pay cash somewhere else.... cheaper than the fixed rate in BTC. Somewhere along the line you do need to compensate for your rates when BTC was low and you took the hit. I would reward myself a little extra for as long as you can, after all, the miners you maintain would not benefit the owners if they were not running Wink

Well, this is true to an extent: Technically the skills needed to fix these things are limited and as the value of bitcoin rises the value of repairing a miner rises as well. That was the logic I used to not raise prices when it was at $300; the miners were worth "less" therefore I should not charge the same amount in dollars since I'm trying to work the concept of value into bitcoin.

That said when it hit 900 I started decreasing my prices to compensate for the "new normal" instead of $600. I could re-price again at $1200, but at some point the constant re-framing of prices becomes a bit of a pain.

Thus it would be nice for bitcoin to stick at a price for awhile. :-)

C

maybe you should stick your price to hash power/generated btc per machine...like 10% of it...it is not like the miners make less money just because the price is rising...quite the contrary