Quote from: Amph on January 10, 2017, 07:44:53 AM

Quote from: Mugamer on January 10, 2017, 04:09:28 AM

I think the price will increase highly because there are no free electricity for them and mining bitcoin will be more expensive. Chinese groups must decrease mining machines so that they can not sell bitcoins with cheap price and bitcoin will hit over 1,000$ again.

what the price have to do with them not minign anymore, i highly doubt a single little farm can put any dent in the market volatility

also chinese don't need to sell their bitcoin, they have roied on their equipment and new one will roi very fast because they have monstrous hashrate

they only need to pay their expenditures which is ridiculous low in comparion to what they are making

But to have a monstrous hashrate you need to invest a lot of money. It's really interesting how fast do they have ROI from this business. I think their expenditures are huge taking into account that they construct big buildings to host all the miners.