03 Oct '12, 6am

After a spectacular crash, Bitcoin makes a surprising comeback

Estimated around the end of this year, the amount of Bitcoins mined per day will be halved according to the schedule. If I understand correctly, this means that the cost to mine one BTC will double, roughly, if the mining capacity stays the same.On top of that, some companies are, or should be coming out with ASIC-based miners, which are orders of magnitude faster in mining bitcoins than GPU's, at lower energy usage, increasing the total mining capacity. Does the cost of mining one BTC influence the price of one BTC? Will these events have an influence on the price (if they were not already 'priced in')?

Full article: http://news.ycombinator.com/item?id=4606025

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