Post
Topic
Board Speculation
Re: [prediction] Next spike $560,000 14 months from now
by
An amorous cow-herder
on 04/10/2014, 19:59:20 UTC
Case in point : I don't have any numbers to back this up but the cost of mining a Bitcoin at the last ATH was certainly less than a 1/10th of the price.
I know for sure. I had a rig mining back then (and a couple of gfx cards for scrypt coins).
But that doesnt change anything. Mining capacity follows price. With Asics there is allways a delay, due to the long times between (pre-)ordering and shipping. The hashing power has kept rising at unsustainable rates since last ATH (actually next difficulty change might be first drop since around the time of the first reward reduction). Mining cards like the BFL monarchs which were ordered during the ATH still havent been shipped (and its very well possible they never will...).