Post
Topic
Board Mining speculation
Re: When will Bitcoin network reach 1 PH/s?
by
GigaWave
on 29/08/2013, 14:28:39 UTC
Do you think that a $500 million investment in mining hardware over the next year would equate to a $500 price of bitcoins, or miners mining at a loss bothin terms of dollars and bitcoins?

$500 million is arbitrary number for example.

Not at all. Mining hardware bought and hash rate DO NOT drive the price of BTC.