If I was a rich man and could put a decent wager behind a bet I have, I probably would rake in a nice profit..
I've started to believe the whole BitCoin world was taken over by Central Bankers long ago when they thought it might disrupt their banking cartel.
I seriously doubt that there's that much mining hardware coming online every 12 days that the difficulty jumps up anywhere from 7% to 20%.
That's bullshit!!
How's that happening?? NSA super computers being used to pump up the mining threshold??
I'm mining at 1.5THS and barely making $13 a day... 8 months ago I would have been making over $100 at that hashing power.. Talk about diminishing returns..
If I wanted to make $100 a day today, I'd have to be over 10THS, which I'd have to throw in another $20K in mining contracts. And that would only get up to $100 a day
for about 2 weeks before the fucking difficulty jumped up again..
And since BitCoin is tied to fiat currency, I'm guessing the reason it's down to $480 is because the fucking US dollar has somehow gained in value?!?!? Not in my opinion.. Try going to the grocery store and getting out of the store with 1/5th filled basket without blowing $100.
What happened to the idea that the more BitCoin was accepted by retailers that it would gain in value?? Not from what I'm seeing.. It should be up over $2000 a BTC..
And those of us who have invested tens of thousands in mining would actually be making some good money in return...
I have to agree with you on the retailers part.... So much speculation was going around on the troll box.
As for difficulty - people are saying it is these mega data centers that are lighting gear up. I saw that with litecoin when the ASIC manufacturers were rolling their stuff into testing but nothing of this speed and size. It has to plateau at some point. Don't you think?