Question is: Where is the bottom?
That's what we all want to know. Pre-gawker volumes mean price under $1, but I think that is too low. My bet goes to $1.5/$2.
Everyone said the same thing at the $16 price level, the $11, $7, $5, and $3 level. I don't hold out too much hope of mining profitability in the near future.
Of course, given that I heat with straight up electric coils, I'll be using miners come winter weather. It wouldn't make sense not to, no matter what the price is.