Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
EuroTrash
on 02/05/2013, 07:30:21 UTC
at this point the network rate is so high that people aren't going to be making many coins anymore with ASIC. HAving an ASIC is like GPUS a year ago, and people weren't desperate to sell then either.

I believe that
1. Most miners have held their coins since January. Recent trends might make them want to dump the 100k coins produced since.
2. Not profitable for a western individual miner (exception made for Icelanders who have near-free energy) but in the short term very profitable for Chinese people with know-how or for businesses and loaded tycoons who can buy the chips from Avalon in batches of 10000 or build their own.

Sent from my phone sorry for spelling errors