Post
Topic
Board Altcoin Discussion
Re: Why is the price not going up with hashrate?
by
TheCloser
on 27/05/2014, 11:33:27 UTC
ASICS = More Coins Mined = More Dumping = Price Drop

I'll add to what he said. Same amount of coins mined. Everyone's fractions earned gets smaller as network hashrate increases.

The real reason prices are not increasing? All the capital in crypto currency is dispersed among the 489 currencies that now exist. Many hope to get rich on a P&D but the smart people store there money in the safe currencies that have a future.

Give it time