Quote from: beaconpcguru on December 06, 2013, 10:12:33 PM

Quote from: seriouscoin on December 06, 2013, 09:31:37 PM

Quote from: freethink2013 on December 06, 2013, 09:27:57 PM

so 850 is the new floor imo.

We saw total panic tonight and yet once we approached 850 buyers started perking up.

From my experience since 2010 in Bitcoin economy, the mining always lag behind and its always catching up to ATH.

In short, it raise the level of support. Mining is getting more costly so is the bottom of btc price.

Not sure how you can say mining is getting more costly. This causes me much humor, pardon me whilst I partake it it. Okay, anyhow so I was mining with 8 7970s ($350/ea) in March with an electric bill of 270$ and then I switched to a Blade with twice the hashrate and a tenth of the power consumption and this has somehow cost me more money. My brain, bank account, trade acc and my electrical bill are all wrong. Going to have to figure out how this happened.

In term of your mining capacity, its getting significant lower. Humor me again pls.