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Title: Falling BitCoin to USD value and the possibility of miners quitting Post by: macharborguy on September 17, 2011, 03:41:59 AM Its natural to assume that if the trade value of BitCoins falls low enough, the chances of miners dropping out would also increase. What would this do for the overall difficulty? How long would it be until the difficulty begins to drop if this were to happen.
Title: Re: Falling BitCoin to USD value and the possibility of miners quitting Post by: RandyFolds on September 17, 2011, 03:53:53 AM https://en.bitcoin.it/wiki/Main_Page
Welcome to Bitcoin! Title: Re: Falling BitCoin to USD value and the possibility of miners quitting Post by: nmat on September 17, 2011, 03:56:19 AM Its natural to assume that if the trade value of BitCoins falls low enough, the chances of miners dropping out would also increase. What would this do for the overall difficulty? How long would it be until the difficulty begins to drop if this were to happen. Every 2016 blocks (~2 weeks) the difficulty is adjusted. Title: Re: Falling BitCoin to USD value and the possibility of miners quitting Post by: johnj on September 17, 2011, 04:00:11 AM https://en.bitcoin.it/wiki/Main_Page Welcome to Bitcoin! (No offense to OP) This made me chuckle. |