Quote from: Mister11 on August 11, 2018, 08:07:34 PM

Quote from: davemanet on August 11, 2018, 09:16:43 AM

Are you guys going to hold on to your machines or start selling? Turn off for now and wait it out?

Proof of Stake will kill mining, but as long btc is above ~4.5k$ mining is still profitable for mining farms (or at least for me :p)

Thats good to know. And the Chinese with the cheap cost of machines etc can produce a bitcoin for about half that. So yes the market has a ton more correction left. Not to mention more efficient machines means they can drop it lower yet. I mean this is supposed to be a financial settlement protocol. If the price is thru the roof who will use it. Not the little guy thats for sure. I know I waited several days for transactions to process during the 19k hype. Certainly most of that traffic was traders dumping on us rubes. When you have enough money this is just fun for folks. Pump and dumping at our expense. Wealth transfer of the grossest kind. Stock market. Always has to be a greater fool. Then when that doesnt happen some more financial tricks come into play. Stock buybacks etc. its such a game. Yes I could play but thats against my morals. Sadly bitcoin is starting to conflict with my morals. Once that line is crossed I find it hard to look past it. POS doesnt work either because again a person with more money than brain cells comes in buys up the stake and then just collects interest at us rubes expense. See a pattern here. Realize that those saying bitcoin will solve some problem it wont. What it does do is bring to light many more issues. Financial schemes that are pilfering us peons. We are wising up tho:)