Post
Topic
Board Hardware
Re: bitcoin ASIC mining hardware price bubble?
by
kendog77
on 12/08/2013, 19:31:42 UTC
Do your homework. Difficulty goes from 37 to ~47..

OK, fine, the difficulty is only going up by 25%, but my point still stands.

A 100 bitcoin cannot sustain the millions of dollars of ASIC mining hardware that is about to hit the network for much longer.

If the value of BTC doesn't go up soon, a lot of folks are going to take big losses.