Huh? wat u talking about. All my predictions have been right. Made good money off oil too. If they dont have OPEC, oil price would be under 30-40 dollars now (like in the past) and higher cost producers would make losses while lower cost producers would make little money. However, there is OPEC, and now everyone makes money...more for lower cost producers, less for higher cost producers. It is a win-win situation.

We dont have an OPEC for mining and as u can see, mining is bad now, just as predicted. Asics are not selling lol.
Newbie miners may not break even.
Older miners make lesser. No winner. Newbies lose more.

U are funny. There is no way miners can be sold for 10 bucks or too much lower lol. Lower miner prices easily mean oversupply again and thus lower profits pet miner. Same problem, not a solution. It is the same as wat happen with the antminer D3. From 5k to 1.45k per miner (depending on batch) but guess wat, it makes 50-120 bucks per month now and many wont break even lol. The 8% recent increase is small and is probably from new miners deployed that ordered in 3 months ago. People are not ordering now or will order very little as u can see.

When difficulty rise from 1.4T to 2.8T, that means u get half the bitcoin rate. This isnt good for the older miners but it is far worst for the newbie miners. Oh well, good luck to those newbie miners. I see alot of cursing so far. Why would u wanna see chaos for newbie miners?? Even the newbie miners dont want this chaos and losses. It would have been better if there was an OPEC for mining as it would protect the newbie miners from bad decisions.

Home miners are not killed by large scale farming actually. The efficiency gap isnt the issue. Being early is far more important than being late here.

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(Moderator's note: This post was edited by frodocooper to trim the quote from stompix.)