Fabrizio89



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Hero MemberActivity: 924Merit: 1000

Re: Hash Rate just hit 200 000 000 GH/s! August 19, 2014, 07:54:57 AM #15 ) and some areas have very low electricity costs so they are squeezing everything they can from the market while reducing profits for other parties with older gen miners who I think right now are still mining just because they understand what's going on and they know that quitting mining now is worse than waiting since new hardware is coming to the market and they will be cutted out for good. Others may be long-term holders but that's a game that doesn't really make sense in mining. I guess chinese miners are both contributing to the decreasing btc price and the increase of hashing power. They can produce cheap chips () and some areas have very low electricity costs so they are squeezing everything they can from the market while reducing profits for other parties with older gen miners who I think right now are still mining just because they understand what's going on and they know that quitting mining now is worse than waiting since new hardware is coming to the market and they will be cutted out for good. Others may be long-term holders but that's a game that doesn't really make sense in mining.