Thread: Poor Bitcoin...
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Old 01-14-2015, 05:56 PM  
edgeprod
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Join Date: Mar 2004
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Anyone who thought it was a "get rich quick scheme" deserves to have lost money.

Right now, it's not profitable to mine -- miners are selling coin to pay the bills (and keep servers in the racks). It's flooding the marketing, and we saw a major correction already. Soon, the difficulty of Bitcoin mining will go down (it will be adjusted to account for fewer miners), making it profitable again, driving price gains, and then repeating the cycle.
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