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Title: Got questions about mining difficulty Post by: film2240 on February 02, 2014, 01:48:38 PM I've got a few questions about difficulty,thanks to an article claiming that BTC will fall to $10 by the middle of this year so anyway,when the value drops significantly,does the mining difficulty significantly enough for smaller miners to benefit again or is this just a case of ever growing difficulty that'll continue as long as BTC exists?
Would like some help in understanding this better. Articles that led me to think this: http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12 http://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/ http://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/ Title: Re: Got questions about mining difficulty Post by: Entropy-uc on February 03, 2014, 02:40:44 AM If bitcoin crashes to that level the only people able to operate profitably will be stealing electricity. I guess if you consider electricity theft to be a necessarily small time activity, then the answer to your question is yes.
But I wouldn't worry about it. Williams is a moron. |