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Title: What if.... Post by: nabeton on June 29, 2014, 07:24:48 PM let's imagine extreme case (definitely won't happen, I'm just interested) that major mining pool will be out of game
here the case, maintenance fail (sort of total fail, cross cables, typo while oveclocking...) and whole equipment of cex will burn. same will happen to discussfish, eligius ... now, there is not enough hash power to make a block (at current diff) So what will follow? lowered diff or we will wait days for new block? other scenarios? Title: Re: What if.... Post by: 1Referee on June 29, 2014, 07:48:39 PM we will wait days for new block? You just answered your own question :) Not exactly sure about how long it will take, but can take many hours/days. Title: Re: What if.... Post by: Velkro on June 30, 2014, 09:19:31 AM dont worry, bitcoin can't fail even at that extreme case
Title: Re: What if.... Post by: DrG on June 30, 2014, 01:00:13 PM let's imagine extreme case (definitely won't happen, I'm just interested) that major mining pool will be out of game here the case, maintenance fail (sort of total fail, cross cables, typo while oveclocking...) and whole equipment of cex will burn. same will happen to discussfish, eligius ... now, there is not enough hash power to make a block (at current diff) So what will follow? lowered diff or we will wait days for new block? other scenarios? Every miner on Earth going poof? Unless we're hit with some cosmic event it won't be happening. Having said that, if we lose computers and electricity, the last thing I worry about is my coins. I'm looking for some shotgun shells then. Title: Re: What if.... Post by: ShibaWow on June 30, 2014, 01:27:10 PM let's imagine extreme case (definitely won't happen, I'm just interested) that major mining pool will be out of game here the case, maintenance fail (sort of total fail, cross cables, typo while oveclocking...) and whole equipment of cex will burn. same will happen to discussfish, eligius ... now, there is not enough hash power to make a block (at current diff) So what will follow? lowered diff or we will wait days for new block? other scenarios? Every miner on Earth going poof? Unless we're hit with some cosmic event it won't be happening. Having said that, if we lose computers and electricity, the last thing I worry about is my coins. I'm looking for some shotgun shells then. why? it isn't like someone's going to steal anything since everything is now worthless :D Title: Re: What if.... Post by: 2double0 on June 30, 2014, 01:43:58 PM Basically there will just be a long time wait for txs
Title: Re: What if.... Post by: nabeton on June 30, 2014, 03:44:00 PM let's imagine extreme case (definitely won't happen, I'm just interested) that major mining pool will be out of game here the case, maintenance fail (sort of total fail, cross cables, typo while oveclocking...) and whole equipment of cex will burn. same will happen to discussfish, eligius ... now, there is not enough hash power to make a block (at current diff) So what will follow? lowered diff or we will wait days for new block? other scenarios? Every miner on Earth going poof? Unless we're hit with some cosmic event it won't be happening. Having said that, if we lose computers and electricity, the last thing I worry about is my coins. I'm looking for some shotgun shells then. understand, it won't happen. This was just a hypothetical question. If some cosmic event occur, we all will have more important issues to care about. Basically there will just be a long time wait for txs I thought same. I was just curious whether there are other options. Title: Re: What if.... Post by: onlinepro on June 30, 2014, 06:17:23 PM Slightly longer confirm times until next difficulty changes.
So it wouldn't be so big deal. |