Re: Crowd funded Bitcoin Mining is dead at current BTC price
l01, you are spot on.
I've done my own research on GB (group buys and cooperatives), and none of them would be profitable at the current $ to Ghz. Spoke to a an organizer and they reluctantly admitted the same.
My theory is, once the blood starts flowing in the streets come January or February, and the common miner comes to the realization they will not hit ROI, they will stop buying new hardware. Then, and only then would be the appropriate time to buy. Once the "overeager" money is wiped out.
Thoughts?
I've done my own research on GB (group buys and cooperatives), and none of them would be profitable at the current $ to Ghz. Spoke to a an organizer and they reluctantly admitted the same.
My theory is, once the blood starts flowing in the streets come January or February, and the common miner comes to the realization they will not hit ROI, they will stop buying new hardware. Then, and only then would be the appropriate time to buy. Once the "overeager" money is wiped out.
Thoughts?