Thanks for this thread Igorr. It provides a perspective we don't often see here. I'm a bit confused as to how the decreasing mining profitability will drive down price though.
First look at this;
View Screen CaptureAnd then check this:
View Screen CaptureCurrent production cost ASIC chip is about $ 1 per GH / s +all this should pin for printed circuit boards + add power
which increases production costs at 1.4 usd per GH / s.
Current mining factor is about $0.048 USD per GH / s to 24 h,
(For 8 days will be -24% or $0.036 for GH in 24 hours and only if the price is not falling below 500 usd)
Try to calculate how long it would be profitable for mining hardware manufacturers.