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...
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,
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http://en.m.wikipedia.org/wiki/Quantitative_easing40 billion per month is approximately
$1.3 billion per day...
I'll say it again, something's got to give.