Wow the genesisblock calculator updated. Very grim...mining equipment will be lucky to make half of their value back.
http://mining.thegenesisblock.com/
I think those who deny this will be very disappointed. You aren't really competing against each other anymore hoping your neighbor drops out. China is ramping up for their own large scale corporate farms. http://feedproxy.google.com/~r/TheGenesisBlock/~3/W0-SZClMliA/
I see no reason to believe this won't keep expanding by small amounts of very wealthy people despite the average person bailing out. You'll get far more BTC for your $ if just buying direct now.
Hence the need for speed! Interesting article, but not fun reading at all.http://mining.thegenesisblock.com/
I think those who deny this will be very disappointed. You aren't really competing against each other anymore hoping your neighbor drops out. China is ramping up for their own large scale corporate farms. http://feedproxy.google.com/~r/TheGenesisBlock/~3/W0-SZClMliA/
I see no reason to believe this won't keep expanding by small amounts of very wealthy people despite the average person bailing out. You'll get far more BTC for your $ if just buying direct now.
The faster they ship, the worse it just gets anyway. It's clearly a no-win scenario now.
