Post
Topic
Board Mining speculation
Re: Miners DUMPING their ASICs
by
master-P
on 07/04/2014, 01:25:15 UTC
Guys it's going to be game over soon. I just read an article explaining how bitcoin is going to reach negative values and bagholders are going to have to pay people to take bitcoins off their hands: http://finance.yahoo.com/blogs/talking-numbers/this-could-be-the-end-of-the-bitcoin-era-220746326.html

First people were dumping their ASICs and now this. Oh what shall we do?  Shocked

On a more serious note, it's no surprise that next-gen mining hardware will make the previous generation obsolete. Some of those people buying these unprofitable ASICs probably don't pay for electricity, and may yet see an ROI.