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/biz/ - Business & Finance

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10004392 No.10004392 [Reply] [Original]

>Shit guys, BTC is dropping in price rapidly
>Lets decide to mine it even more than ever before
This has got to stop sometime right?

>> No.10004401

yeah, when all the btc's are mined this will stop :).

>> No.10004408

>>10004392
nigger that’s what bitcoins price would look like if mtgox wasn’t dumping this entire time.

>> No.10004425

well you gotta launder money somehow, might as well continue making those worthless 1's and 0's

>> No.10004426

>>10004408
The mining price has never been higher than the trading price retard

>> No.10004435
File: 352 KB, 989x741, AEF13A44-0A40-4075-8720-E802D9452783.png [View same] [iqdb] [saucenao] [google]
10004435

>>10004426

>> No.10004437

>>10004408
>still believing this meme

>> No.10004477

>>10004437
>thinking it’s a meme

>> No.10004493

>>10004392
looks like the chinks have figured out a better ASIC

>> No.10004546

There is no one "mining price". The mining cost depends on the price of electricity and that is wildly different in different countries + some mining farms have a deal with their energy supplier to get it even cheaper (subsidized). Also, different types of mining rigs exist.

>> No.10004607

>>10004435
You need someone to explain it to you retard?

>> No.10004650

>>10004426
it will become higher if the bleeding continues for 2 more months

>> No.10004654
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10004654

>>10004426
>>10004607

>> No.10004829

>>10004654
>>10004435
the absolute state of /biz/, keep buying chainlink guys !! 1000$ EOY

>> No.10004966

Lets say u spent shitton of money on asics and shit.
Will you stop mining if btc drops? Of course not. You paid for the hardware, and now you want to recoup the costs, and hopefully make some profit. So you gonna mine anyway, in hope BTC goes parabolic again and you can sell the top.