If you are mining now and are still making more in btc than you are spending in electricity you are dancing in the streets. The lifetime of your miners just got increased, as did your profit. No one realistically bought miners expecting less than 5% increases when the did the calculations. The longer it stays subdued the more gravy gets poured on the current miners.
yep and all the big boys need to do is stand pat and do their best to limit network growth under 3%.
Just do some 1% 2% 3% growth in jumps on bitcoinwisdom's calculator's and mining look good. So basically the big boys so not need to expand much.
Oh they can replace a 1 watt miner with a .8 watt miner then a .6 watt miner but they are building there own so they do not need to sell much just a little bit at a time.Your last sentence isn't a real life scenario. Developing increasingly more efficient miners isn't "a little bit at a time" endeavor. To develop more efficient miners is a massive outlay of cash. And to recoup that investment, they would need to produce a lot of machines.
And really, does everyone think that these companies are happy to keep equilibrium in the mining game? These companies are each out to grow their share of the network and kill everyone else. We're in a lull, that's it. None of the big companies have put significant amounts of PHs on the network for 45 days. But this will change soon. Guaranteed.