How is it going to lower prices? Mining just slows the creation of new bitcoin...the usefulness of it and the short supply is what gives it is market value...I'd imagine it would rise since they'd be more scarce.
Plus, given the exponential rate of computing power, eventually the machines will be better equipped to mine in a more productive manner.
And surely some miner out there has managed to figure out how to slash the overall expense by going solar...
Plus, given the exponential rate of computing power, eventually the machines will be better equipped to mine in a more productive manner.
And surely some miner out there has managed to figure out how to slash the overall expense by going solar...
I did
I put my 2011 ~ 2012 BTC into a 1.5kW solar system. Now my modest rig, only a Jally and some GPUs as the solar array was not cheap, continues to mine. With the advent of ASICs, I have an abudnace of power but not enough $$$ for more mining rigs.
If you have some ASICs just collecting dust, msg me...