It's Huobi the anchor chain again. Must be the big Chinese mining pools still dumping coins. Don't they know the rest of the world is revving for the next bull run?
I think that you should explain it to them, that instead of selling bitcoins, they should sell their and their loved ones kidneys. That's how they could pay off some of the loans and electric bills, that have been accumulating throughout 2014.
Are these mining places even profitable any more ? I thought after the price fell, then even people getting free electricity aren't profitable.
If they're still profitable at $200 i can't imagine the parties they threw when BTC hit $1200
Yeah true .
Just read on another thread that these miners used to earn around 100 coins last year, that must have been crazy at the price of 1000$.
The link below is to a short doc on a mining rig in China that was just released. According to the video, as of October 2014, this group was earning
https://www.youtube.com/watch?v=K8kua5B5K3I
The link below is to a short doc on a mining operation in China that was just released. According to the video, as of October 2014, this group was earning 4050 bitcoins a month.
https://www.youtube.com/watch?v=K8kua5B5K3I