Price is not heading the way we want on conbase: 1 BTC = $349.86
I did see on coindeks gawminers CEO finnaly was charged by SEC -http://www.coindesk.com/gaw-faces-ponzi-scheme-charges-from-sec/ . Hopefully this does not get mixed up in press with bitcoins. Not sure how much "regular" press something like that will get.
I just hope we see it start to head back up again on price.
The price was at and below these levels not even a week ago, so I doubt that the recent drop is having all that large of an effect on the hashrate.
Thinking somewhat outside the box, someone may have miners that are only profitable to run above $345, but take a little bit of time to get running again, so there may be somewhat of a delay from the time the price is above $345, and when these miners get turned back on. If the owner of these miners thinks the price will be sustained above $345 then they may not be in a huge rush to get the miners turned back on, however if if price is only slightly above $345 but the owner thinks the price may fall below that price soon, then the owner may be more rushed to get the miner turned back on so they can realize a little bit of extra mining profits before the miner must again be turned off due to them being unprofitable.
I can see where your coming from on miners turning on. At this point I think a lot if not most sell the miners off. You can add a decent amount to ROI by selling miner once it's not profitable for you. Someone with cheap or "free" electricity buy's it.
I can't imaging holding till a certain price as miner goes down in price over time. I sell and re-invest on old miners.
I agree that most miners will be sold once they are unprofitable, however at one point they will need to be ultimately turned off. For example if you have electricity that is significantly below the cost of electricity elsewhere in the country, then you may have difficulty selling your miners are they approach being unprofitable (however you can probably be able to buy miners at prices that is lower as you can buy miners that is unprofitable to run elsewhere).
There is also the issue of it not being worth it to try to sell a miner. As you might have purchased miners for several thousand dollars, achieved ROI by mining for several months, then the best you could do via a sale is a few hundred dollars, then it might not be worth the hassle to attempt to sell them, so you might hold onto them after they become unprofitable to run with the hopes that the price will rise enough to make turning them back on profitable.
The 10 cent or 12 per kwatt guy will need to sell much earlier then a 3 cent or 5 cent per kwatt guy.
For me I have high power costs. I can only mine from oct 1 to may 1 as summer power prices kick in.
So I always sell most of my gear from April 1 to May 1. The lower cost guy has an entirely different mindset then me and may mine gear so long it fully pays off. I did have 4 s-3's in a 2.5 cent per kwatt spot. I mined them for 14 months making a real profit , when the 500 usd price spike last month I sold them off.
Electricity costs are complex for people who live in colder parts of the country/world, especially for people mining at home.
My electric costs are roughly 7.5 cents per kWh, however I am generally running the heat during the winter that costs money to run. When I was running my S3 and S5s in my apartment last winter, I was able to not have the heat on for the majority of the winter (and even had the windows open!), (although the S5s were very loud), so my effective cost to run the miners was less then 7.5 cents/kWh.
When I sold my miners in the spring, it was right around the time when I would typically neither have to have my hear nor my AC turned on, however with my miners running, I would need to have the AC on, so my effective cost would have been far above 7.5 kWh
