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Title: Is technology going to keep up with the increasing difficulty? Post by: evunifat on January 14, 2015, 11:54:10 PM This is a genine question and something i've wondered. I fear that it will become to expensive for miners. Am I missing something? I don't want to sound like I'm trying to drive price down.
Title: Re: Is techlogy going to keep up with the increasing difficulty? Post by: dukeneptun on January 14, 2015, 11:59:32 PM This is a genine question and something i've wondered. I fear that it will become to expensive for miners. Am I missing something? I don't want to sound like I'm trying to drive price down. Only the newest stuff will stay . Like the old GPU. They had to left BTC, becouse it was not profitable anymore. Title: Re: Is techlogy going to keep up with the increasing difficulty? Post by: DannyHamilton on January 15, 2015, 01:09:22 AM Is techlogy going to keep up with the increasing difficulty? Absolutely. It is designed specifically so that it can and will. This is a genine question and something i've wondered. I fear that it will become to expensive for miners. Am I missing something? Yes, you are missing something. Difficulty is designed to automatically adjust to current hashing power. If the global hash power increases, then difficulty increases. If the global hash power decreases, then the difficulty decreases. If the global hash power doesn't change, then difficulty doesn't change. Title: Re: Is technology going to keep up with the increasing difficulty? Post by: thriftshopping on January 15, 2015, 11:26:47 PM You actually have it backwards. It is difficulty that will generally follow the advances in mining technology.
If you followed the difficulty and when new mining technology was being created, you would see that the difficulty rose sharply after ASICs started to be mass produced. You would also see that the difficulty rose sharply after more power efficient ASICs were in production. |