Post
Topic
Board Speculation
Re: This is why the price of bitcoin is dropping
by
googlemaster1
on 05/10/2014, 05:50:33 UTC
GenTarkin.... great post.  Although I hope its the megamines that shut off all their inefficient shit and just run with all the new stuff.  The smalltime miners will keep running at a loss (I mine with about 5 th/s, I'll absorb the power costs until the blockchain explodes if I have to).

I think a lot of small time miners feel the same.  Whats an extra $30-200 on their bimonthly power bill anyway?  Unless the amount of bitcoin I mine is equal to peanuts, I'm going to keep running even if it costs me more in power.  I hope people with similar amounts of hashing power feel the same.  People running full nodes and mining on small pools and p2pools have a desire for a healthy market.  I hope they endure.  I will.