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May 25, 2014, 08:53:38 AM |
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I heard a statistic recently, I think on a Bitcoin Talk episode, that spoke about the overhead costs incurred for miners being around 550 million for last year. Keep in mind that those costs have to be paid in USD/JUAN/EUR... So, while I am happy to see that the recent balance has been broken with the miners constant selling factor being overcome, the question is for how long will it last. Merchant adoption is growing, and we all know the major PSP providers have to openly sell on the market to keep the lights on. The positive news cycle is in full swing though, so that will give this rally some legs. Summer should be interesting!
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