As long as the price keeps above one Satoshi I keep mining.

I agree to.   There's always going to be profit just may not be as good as youbthink.


The way insee it is, the more warehouse farms that cone online the more the price dropss, the more it drops (in my opinion) the more the warehouse farms become a waste.

U may have like5ph/s farns and all.  But what's treuly the point of insane speeds when the price is dead low.

Its a damn good think were onnslushs pool.   Were awesome.

Glad to see I'm not the only one mining for that same reason.

Lol CAD $ more .  But barely.     Yes there a great amount of potential.     Me personally,  I believe btc can still reach the 1000s     you can't predict the stock market prices,  thus u can't predict the btc prices,  most we can do,  is estimate what it will be at and for how long.

I think though if it is at this price right now so low,   I don't see it going back up big anytime soon.. Atkeast for a month or so.


Oh well. We will see how it goes until the end up sept.  I'm afraid to buy btc in case u buy now and it never goes back up( though im almost certain that it will...inbtine)


Good luck everybody.

Looks like BTC price dropped further due to China shocking the market by announcing that the PBoC will make available a Short-term Lending Facility of 500bil Yuan to the nation’s top banks. Stocks and currencies adjusted to the “stealth QE” measure with strong rallies. This almost immediately brought the S&P up and lowered BTC and Gold prices down.

The BTC price along with gold had alread dropped at a low due to the Fed’s five-year QE program(printing money/unjustly lowering interest rates to raise Stocks and Dollar value), markets resumed their usual direction after the FOMC statement. A mediocre Fed statement saw the Bitcoin price drop and produced the start of the week low and then stall until the China situation brought it lower.

UK is staying quiet about any serious monetary adjustments, it seems like unemployment is down there so their outlook isn't bad at the moment although that could change at any minute.

EDIT: You know we can do these same things with Bitcoin. No one has yet, not to the extreme it could be. It's just game theory. I read a paper the other day that showed a strategy using $250 million USD worth of BTC and there could actually be a shift in financial power overnight once the strategic move was made. After that move would be made the price of one bitcoin was unbelievable. I'll try to find it and put a link to it here.

Update: Funny thing was that paper was in the same format as the original Bitcoin White paper and was signed SN. I don't think Satoshi wrote it, but its inspired by his work.

I found it: http://bitcoinunion.wordpress.com/2014/08/24/bitcoin-swift-and-the-brics/

Typically gold and bitcoins are not tied together.

http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zv

http://www.kitco.com/charts/historicalgold.html

I think it could be problematic to try to tie the gold and bitcoins together. Keep in mind the drop in bitcoin prices happened far before the PBoC announcement. News reports are tying to relate basic economic fundamentals to bitcoin pricing that just don't apply yet due to the nature of bitcoins. Although there is some impact it is not yet encompassing the full effects of the bitcoin phenomenon. Simple profit taking that has spiraled due to computerized trading and the lack of easy currency conversion options for the average Joe are more likely the answers to the current demise of the value of bitcoins.

I believe that when there is an easy, quick, main stream and highly accessible way to purchace bitcoins without a high conversion cost then the average Joe will start actively using bitcoins far beyond what we think is possible. Whoever makes it main stream for the public will win the battle and become ground zero for the bitcoin boom. Currently I have not found any site that does not have some frustration, anxiety or high cost involved in it.

SLUSH ROCKS! Thanks for the great pool!

Onlu one block today (6.5hours to go) but still i'm not used to that

Yes for sure, reeeally good, go go Slush, the french pool

It doesn't matter if there are large mining farms or just one slow miner, the same amount of BTC is produced.