We are getting close to the xmr price/difficulty level where spot instances can profitably mine. If that happens a lot of hash can be brought online quickly with nothing but a credit card - perhaps as much as 10 mhps. This dilutes the rest of the miners, so that if the new miners hoard then supply declines, such that price rises. If someone with a lot of confidence were willing to take the risk (and given the degree of support between 45 and 50 the downside risk holding time is probably less than 40 days - they might actually be able to accumulate at a discount with a large enough cloud mine, within a day or two. I won't attempt it, mostly because I am too streched already.
just wondering which miner are you referring to? cause the gpu miners for CN are not that gud. cpu mining is just too painful on spots. What do you mean by painful when using spots? Isn't it just a simple matter of whether it's profitable to spin up as many as you can afford or not?
