Unlike a clueless average Joe at home, they're running huge businesses, as this article suggests, so they're probably smarter. Does anyone know what the math here is? I'm assuming a) they aren't cashing out too much/too regularly because they're huge and this would drop the price too much and b) they aren't stupid to make huge investments like this, just hoping all would be well.
Where am I wrong? Is the number of fresh "investors" still big enough for all of them to have a steady cashflow? Do they believe they can get out before everyone else? Are they just like all other believers, but with deeper pockets?
The result is that the only factor that affects whether someone chooses to engage is mining is if it is profitable.
No. As long as at least one person is brute forcing hashes, transactions will be processed at the same rate of about 10 tx/s.
I hope this whole shenanigan ends sooner than later because now not only we have to pay higher prices for RAM due to smartphones but we also can't find a decent video card below $200. Fuck that shit.
But as the saying goes "The Market Can Remain Insane Longer Than Investors Can Remain Solvent"