The FRN(USD) goes down the BTC goes up, simple. So miners denominated in FRN goes up.
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I have many curiosities about how this protocol will play out in the long run, that and it's a fun hobby.
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Topic: Speculation of Hardware Prices. (Read 808 times)
Who ever is selling the hardware you mentioned doesn't comprehend bitcoin and is just opportunistic.
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Or smart gamblers... Probably with right timing they get decent ROI and can use that to reinvest in coins...
Who ever is selling the hardware you mentioned doesn't comprehend bitcoin and is just opportunistic.
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Except that's how you have to price hardware. You judge hardware by how much BTC it costs, and how much BTC it can produce. The price in fiat is irrelevent, if BTC spikes, hardware spikes.
Who ever is selling the hardware you mentioned doesn't comprehend bitcoin and is just opportunistic.
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I am sorry if this is in the wrong location, I checked the "Speculation" forum first and is was labeled "Speculation on Bitcoin Price." This question is more hardware price speculation.
I am new to bitcoin, but I have been sitting on the sidelines for months watching things and I just recently bought some mining hardware. Some of my very "techie" friends have told me that I am a fool for getting into mining. Mainly because of the increasing difficulty and the cost of electricity to run the hardware. But, since I currently live at a location that electricity is almost free I pulled the trigger on some hardware. With this being said, I have been watching the hardware prices in a few locations over the last three weeks.
Three weeks ago, USB Block Erupters were selling for about $10. At the same time a 10Gh ASIC Blade was running about $200. Then the BTC price spiked to $900, immediately I saw that hardware prices shot up. (Basic Econ101, Supply and Demand) Today the USB Erupters are near $20-$25 each and the Blades are around $300
Here is the question, Now that BTC has made a correction on the back side of the $900 spike. How soon should I expect softening in the Hardware market?
Thanks in advance for your replies.
I am new to bitcoin, but I have been sitting on the sidelines for months watching things and I just recently bought some mining hardware. Some of my very "techie" friends have told me that I am a fool for getting into mining. Mainly because of the increasing difficulty and the cost of electricity to run the hardware. But, since I currently live at a location that electricity is almost free I pulled the trigger on some hardware. With this being said, I have been watching the hardware prices in a few locations over the last three weeks.
Three weeks ago, USB Block Erupters were selling for about $10. At the same time a 10Gh ASIC Blade was running about $200. Then the BTC price spiked to $900, immediately I saw that hardware prices shot up. (Basic Econ101, Supply and Demand) Today the USB Erupters are near $20-$25 each and the Blades are around $300
Here is the question, Now that BTC has made a correction on the back side of the $900 spike. How soon should I expect softening in the Hardware market?
Thanks in advance for your replies.
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