Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
Just a random observation from blockchained :
I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.
Thoughts ?
I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.
Thoughts ?
I can't see there being a relationship between the hash rate and the price, at least in that I don't see a higher hash rate increasing the price.
This is an interesting chart from blockchain.info and it makes one wonder about getting into mining. All those new super powerful rigs coming out, how can the small guy keep up?
Worrisome to me about a group getting 51% of the control IF, IF the rigs don't come down in price like other electronic items.
And revenue is stabilizing, for now....
