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.
Dude the hashrate is about to level out for a bit not, continue growing like this for a while. This has been the first shipment of a major die shrink. If anything it shows the genesis block was way off base all along, as I previously stated. This will be a huge step up over a couple of weeks and then there won't be anything in such a huge multiple in one go on to make such a marked effect on the hashrate again for sometime. You certainly won't see a doubling of the current hashrate as it stands after the KnC delivery for a while yet.
Be careful of the advice you are giving from here on out if you don't want a major backlash. This is bordering on financial advice since hashrate is so exclusively tied to it. The article discusses BTCGarden and large cloud farms coming online. It isn't just about companies like KnC and HashFast selling to people anymore. A bigger picture is at play now. It is old money getting involved. There is no reason to believe this will let up.