It's possible my power will be paid for pretty soon - if that happens, I'll be mining a lot more.
Supply is constant so I guess the big question I have is how do we get demand to go higher?
Topic: bitcoin limbo - how low will we go? - page 2. (Read 3818 times)
just for the fun of it you could try to compare it to paypal value and number of transactions. ebay bought paypal for 1.5billion back in 2002. it was already big on ebay then, though.
I have to say, it's looking like BTC is plummeting and I've no idea how it'll recover.
it will recover when there are more buyers than sellers. Supply and demand, my friend. Unfortunately at this time, supply is outpacing demand. I'm glad I didn't invest in mining equipment back in June around $30/BTC.
Grats on cheap power!
I had to quit mining when it dropped under 8 USD.
I had to quit mining when it dropped under 8 USD.
I started my bitcoin adventures in June when the price was 10-30 per btc. Now we're at 2.50. I'm not even sure it'd be worth mining anymore because it'd cost me $1.50 or so to run my machine for 24 hours and I'd only get about .5BTC per 24 hour period.
Who is in the same boat? Are you still mining with hopes it goes up in value again? I have to say, it's looking like BTC is plummeting and I've no idea how it'll recover.
Who is in the same boat? Are you still mining with hopes it goes up in value again? I have to say, it's looking like BTC is plummeting and I've no idea how it'll recover.
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