Falling BitCoin to USD value and the possibility of miners quitting

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Topic: Falling BitCoin to USD value and the possibility of miners quitting (Read 1121 times)

macharborguy (OP)

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Falling BitCoin to USD value and the possibility of miners quitting

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.

RandyFolds

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Re: Falling BitCoin to USD value and the possibility of miners quitting

September 17, 2011, 03:53:53 AM

https://en.bitcoin.it/wiki/Main_Page

Welcome to Bitcoin!

nmat

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Re: Falling BitCoin to USD value and the possibility of miners quitting

September 17, 2011, 03:56:19 AM
Last edit: September 17, 2011, 04:33:44 AM by nmat

Quote from: macharborguy on September 17, 2011, 03:41:59 AM

Every 2016 blocks (~2 weeks) the difficulty is adjusted.

johnj

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Re: Falling BitCoin to USD value and the possibility of miners quitting

September 17, 2011, 04:00:11 AM

Quote from: RandyFolds on September 17, 2011, 03:53:53 AM

https://en.bitcoin.it/wiki/Main_Page

Welcome to Bitcoin!

(No offense to OP)

This made me chuckle.

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Bitcoin Forum > Economy > Economics > Speculation > Falling BitCoin to USD value and the possibility of miners quitting

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