Quote:
Originally Posted by Azure
Well I hope LTC value drops back to about $10 so the hashing rate drops because this is a bit ridiculous already.
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Unfortunately, I don't think the hashing rate will drop for a few months. All the people just that bought and built new rigs will be mining for scrap until they can pay off their hardware. Then when the non-dedicated folk decide to cash out and put their cards up for sale at discount pricing, the dedicated miners will buy them up
What's happening right now just smells like Fall 2011 to me.