Post
Topic
Board Hardware
Re: Black Arrow announces 28nm 100Ghash Bitcoin ASIC under $1.99/Ghash
by
markm
on 26/09/2013, 11:17:50 UTC
As I see it, there is only one solution to this problem: the miners will stop selling the coin cheap and the price of the coin will go up proportionally with the difficulty.

Miners minting coins is a tiny amount of coins, it cannot be the miners who have been suppressing the exchange rates of bitcoin all this time.

Maybe more likely it is all the ASIC makers dumping bitcoins for fiat.

Surely the number of coins being dumped month after month after month must be way the heck more than miners are minting?

-MarkM-