I think the real value will come when you can switch it to mine other coin pools.
You understand that the hashrate on cex.io (from Bitfury chips) cannot be used for scrypt-based mining, right?
If so, what do you mean by "real value will come" lol, especially when there is currently 0% mining fee, and merged mining is already done on cex.io ?
Absolutely but you can point it at other sha coins. That can't be merge mined... So for people that don't have massive amounts of ASICS it would be a value to them. Bitcoin isn't always the most profitable sha coin to mine.....
If then, it will cause a huge problem to those sha256 altcoins.
With the influx of tons of hashrate to a coin (say, TRC), the diffculty could go up terribly.
After the difficulty readjustment, all those hashrate will be directed to mine another coin, while the block finding will be extremely slow for TRC (very high difficulty, very low hashrate). Transaction will take a very long time to be confirmed, and the coin price will crash terribly or the coin could even die if the situation is real bad.
After all, the mining revenue from mining other sha256 coins will be very low due to the price crash.
