Quote from: shmadz on December 09, 2014, 04:57:09 AM

Quote from: DaRude on December 09, 2014, 04:38:41 AM

Quote from: shmadz on December 09, 2014, 03:51:37 AM

Quote from: greenlion on December 09, 2014, 03:40:17 AM

The only effect that can really drive a declining network hash rate is bitcoin price dropping at a rate that efficiency increases in hardware cannot meet.

Just imagine what might happen when the block rewards get cut in half...

Something's got to give.

Can't wait. BTC3,600/day is a lot for market to absorb. Especially with commercialized mining which i expect dump them like hot potato

3600 btc per day is approximately $1.3 million per day at today's prices... seems like a lot for sure.. but here's some perspective for you...

Quote

A third round of quantitative easing, "QE3", was announced on 13 September 2012. In an 111 vote, the Federal Reserve decided to launch a new $40 billion per month,

- http://en.m.wikipedia.org/wiki/Quantitative_easing

40 billion per month is approximately $1.3 billion per day...

I'll say it again, something's got to give.

im waiting for 2016...

btw not all miner sell all their cache, some dont even sell. so instead of 3600 btc thrown into market its more likely 1000-2500 btc instead