I don't think so. The amount of money people that have invested in their riggs means that they will be long. The ones selling today are the ones that got in early.
Yep increased supply and decreased demand always means a high price... Early means those that got in a month or two ago then? And the rig owners don't need to pay for the electricity either?
Actually I was referring to the graphic cards, as ETH price collapse, so will demand for those.
I've been watching the Ethereum hash rate since I am also mining Ethereum. It appears to be tapering off. It got up to about 72,000 G/hs and is now (at current post) 64,324 G/hs. I also dusted off my old dual 7950 GPU's and started mining ZEC. Due to anonymity built into the protocol I see that one increasing in value, in particular with dark markets.
"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
"The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
"Some Libertarians are born, the government makes the rest."
"Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."
Yes and No. There are some fundamental problems with BTC at the moment. It's mostly with the 1MB block size limitation with miners and core development at heads with each other. Core wants to implement SegWit (Segregated Witness, Litecoin has already implemented with no issue), but Miners aren't keen on it because it takes some of the transactions off of the main blockchain (i.e. reducing their profits).
I believe that an 80-85% consensus was achieved and are planning on rolling out the Bitcoin SegWit fork July 21st of this year.
"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
"The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
"Some Libertarians are born, the government makes the rest."
"Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."
Dropped to $133 only to go back up to $275. I think another dip is coming considering how easy it is to mine still.
"Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
- Lew Rockwell
Crazy fluctuations these days. No crash yet.. was at $155 the 17th of July, is at $263 right now.
The Rothschilds are buying up Ethereum.
https://www.coindesk.com/rothschild-...ethereum-trust
There's still people on this forum that think crypto is made out of tulips.