Im thinking that whenever news is released that they move 100% hashrate to P2P pool the price shoots back to .005
Why? PETA is already extremely overvalued.
Well, if you look to CEX.io GH/s price it is not...
Exactly, but cex is a whole other story. I have a feeling that the price is being propped up by the people behind cex. They have said that they release new ghs onto the market they do it in a way to not affect the price. They are making a shitton of money, they are run by bitfury so their cost for hardware is nothing compared to the market rate. if they are able to produce hardware at say 25c/ghs and they are selling it .0048 I think was the last price I saw, thats over 2.5$/GHS profit, an 800% markup.