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RE: Bitcoin mining difficulty rise and GPU mining bubble pop - January 24, 2017
Bitcoin price will need to go up $200 to compensate for the loss
Bitcoin price will need to go up $200 to compensate for the loss
for genesis mining ?
for ALL bitcoin mining
mh. interesting statement.
the hashrate is indeed a fundamental indicator.
its really exiting what will happen to the price after this difficulty increase.
maybe someone is expecting something
The price spiked to $1100 recently, so more miners started mining bitcoin, like I upgraded my genesis contracts in all the excitement, when there are more miners competing then the difficulty goes up, when the difficulty goes up then miners hold longer and don't sell, supply gets low and the price goes up, when the price goes up then the miners sell, the price tanks.. and the whole process repeats itself over time.