Bitcoin's May Rebound and the release of KnCMiner's "Titan"
Short until June.... It's the reality of the market right now. Low demand, China news, increasing difficulty for miners with dropping prices, regulation... these are all negatives for the currency.
KnCMiner will be releasing their Scrypt ASIC miner entitled the "Titan." It is my belief that many of it's first adopters will begin mining with their gear on multipools which auto-sell the most profitable altcoin for Bitcoin. With over $500 million in sales with KnCMiner the network hashrate will begin jumping immediately. Miners will begin cashing out, and the price of BTC will jump dramatically. KnCMiner has promised a delivery time of around Q2/Q3 which leads me to believe they will push these out until the end of Q2 or beginning of Q3.
The automatic buying pressure at that time should fuel the initial run and an automatic run for Bitcoin in the long-term until difficulty levels adjust and profits decrease.
KnCMiner will be releasing their Scrypt ASIC miner entitled the "Titan." It is my belief that many of it's first adopters will begin mining with their gear on multipools which auto-sell the most profitable altcoin for Bitcoin. With over $500 million in sales with KnCMiner the network hashrate will begin jumping immediately. Miners will begin cashing out, and the price of BTC will jump dramatically. KnCMiner has promised a delivery time of around Q2/Q3 which leads me to believe they will push these out until the end of Q2 or beginning of Q3.
The automatic buying pressure at that time should fuel the initial run and an automatic run for Bitcoin in the long-term until difficulty levels adjust and profits decrease.
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