Thread: Poor Bitcoin...
View Single Post
Old 01-14-2015, 09:16 PM  
DAMNMAN
Confirmed User
 
Join Date: Dec 2002
Posts: 1,440
Quote:
Originally Posted by edgeprod View Post
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.
this!!!!
__________________
email: zmaster (at) earthlink.net
ICQ: 196678616
ZMASTER

One less god!!!
I contend that we are both an atheist. I just belive in one fewer god than you do. When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.
DAMNMAN is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote