Quote from: ninthgate on September 29, 2014, 09:52:19 AM

Quote from: spuushie on September 29, 2014, 05:24:43 AM

Quote from: Lab_Rat on September 29, 2014, 02:18:53 AM

Quote from: ninthgate on September 28, 2014, 07:26:41 AM

Quote from: countduckula on September 27, 2014, 08:54:04 PM

Isnt that a bad return for the bonus hardware on the new PPS pool? 20% less? compared to the 10% loss in the "bonds" bought hardware.

It wouldnt be proportional, since operating expenses are covered through the bonus pool. Worse, those expenses occur in usd, and btc has been down. The irony is if btc were up, we'd all receive more btc...

and it keeps dropping......

Why? I am sure there is a thread about it... Can someone point me to it pls... Or explain.

TY

No one will be able to give a definitive answer. The glib answer is that there are more sellers than buyers.

Id guess its dollar strengthening, same reason gold and silver. Btc are more speculative than the pms, and have seen that in monstrous downward pressure. Inefficient miners will get shaken out if they need to convert btc to usd to cover operating expenses. Of course, this creates a vicious circle of more btc being sold on the market, driving prices lower. Weak hand miners have got to be getting nervous.

Curiously, alts, particularly doge, have made gains in btc terms. I shouldve hedged more in doge than I did, but its all largely a guessing game.

The speculative money is moving from BTC to the v2.0 (stealth) coins perhaps? where large swings are still occuring.

Cheers

Dave