Post
Topic
Board Beginners & Help
Re: SO if people sell off their coins the price will drop and.........
by
thesum
on 25/06/2011, 13:41:12 UTC
As of now, the profit margin of GPU margin is far too high for people too stop mining. So once you've made the initial investment to set up the rig, it would take a very steep drop in price to make people stop mining. So it does not directly affect the price.

That's a very good point.  If you already have the hardware, the profit calculation is totally different than for someone just starting out.  Another reason there's a big lag between the amount of mining going on vs the price and difficulty.l