Quote from: Metroid on August 24, 2018, 09:02:30 PM

Quote from: vodafone228 on August 24, 2018, 08:30:56 PM

Quote from: Putunembah on August 24, 2018, 03:14:58 PM

Quote from: deskless on August 14, 2018, 03:55:49 PM

I understand it depends on electricity cost and other "future value" thinking but at what price point of ETH, people plan to stop rig?

yes, people "who might mine Ethereum will continue to do, for example they still have capital for electricity costs, and even though Ethereum prices are currently down and for example the results do not match the costs incurred, but a miner has thoughts and hopes that Ethereum prices will rise even higher.

That just doesn't make sense, if you mining and plan to hodl ETH you must think positive about its future price right? Then why not buy with fiat and get more ETH out of it.

because they are stupid, same can be said about farmers, who are farming something and spending 25% or more instead of buying the thing they are farming. I myself have never seen a farmer farming something that cost more to produce than to buy. Farmers only farm things which are profitable around where i live.

Don't farmers in the United States get govt subsidies that more than cover their loses?