I'll never forget this line..... " We are serving more than three million dollars a day to resell the bitcoin we break ourselves," said Sam Cole.
Said just like they think they are doing us a favor with those boards they taunted us with.
While sucking the entire network's wealth dry.
Such a chore "Breaking" the coin yourselves... Thank you so much.
How long do you think it will take them to setup another farm, only filled with Titan's?
Hmmm...well... after a healthy Titan run, I think they'll run Neptunes till the assy' line breaks, or 16nm becomes reality... loading the hell out of the Boden facility, until BTC hits 10 bucks, and it doesn't pay the electric anymore before they finally realize they triggered the whole mess, and start holding coin while paying out of past profits to keep it going, until the price goes high enough to start dumping coin again, creating a viscous cycle which keeps the price low until election time, PayPal, or something big helps dig the network out of this greed slump.
Wouldn't surprise me a bit if next weeks Coindesk headline reads....
"Someone DDOS'd the Boden Facility" and poor KNC is losing 3 mil a day....
This is like the "Wild West" California Gold rush all over again.
You may be right about that Dropt, but I think the alts will be so devastated by the customer run alone, there will be no incentive for them to run an alt cloud. Gpu's will be a dime a dozen, and you will hear about 3rd and 4th quarter losses from the folks at AMD/Raedon.
*FPGA miners will commit suicide.*
and BFL customers will still be patiently waiting on a Monarch to arrive so they can earn .000001 a day.... @ 10 bucks a Bitcoin. special breed.
(No offense to anyone intended, just a pun)
I just had to turn down a trip to Morocco for the HopeGirl Foundation QEG training seminar because I foolishly just sent all my dough to an Exchange to buy BTC... ..... AAAAaaaaahhh! This day just gets worse and worse... I'm going to bed dogonnit...gnight all.