2014: The year of the mining bubble

[Furio]

Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  

"Faster" miners doesn't affect the emission schedule

They do. Otherwise Jan 2017 would be the halving but it's July 2016. Six month difference.

The flaw is that the network as it is now is more then strong enough for the protocoll, mining needs to be dialed down if you ask me...

[asdlolciterquit]

imho 2014 is the end of a dream. The dream of constant rice of the price of btc.

[Eastwind]

imho 2014 is the end of a dream. The dream of constant rice of the price of btc.

The same thing happened in 2011-12. BTC price will keep on rising in the future, but with volatility.

[dinofelis]

Stop trying to destroy this currency even more with retarded faster miners... shame on you guys!  

"Faster" miners doesn't affect the emission schedule

They do. Otherwise Jan 2017 would be the halving but it's July 2016. Six month difference.

bitcoin slow difficultyretarget makes it possible to mine more with faster miners.

If difficulty increases.  If difficulty falls, the emission schedule will run slightly late.
There's a small effect on emission rate as a function of the derivative of difficulty.

[spazzdla]

imho 2014 is the end of a dream. The dream of constant rice of the price of btc.

If the reason you are in BTC was and is only to make "money" you should not be in BTC.

[Furio]

imho 2014 is the end of a dream. The dream of constant rice of the price of btc.

If the reason you are in BTC was and is only to make "money" you should not be in BTC.

Thank you, my thought exactly, mining was never profitable, only due to the extreme price rise it was profitable...

[pattu1]

2014: The end of the myth that bitcoin can only go up in a one year time period.

[bitkilo]

2014- The first year bitcoin has seen some stabilty.
2014- The year of the Trezor, everybody on here is talking about them.
2014- The year bit the bitcoin ATM
Heaps of thing have happened this year for bitcoin!

[fewcoins]

imho 2014 is the end of a dream. The dream of constant rice of the price of btc.

If the reason you are in BTC was and is only to make "money" you should not be in BTC.

Thank you, my thought exactly, mining was never profitable, only due to the extreme price rise it was profitable...

EXACTLY!

[Furio]

2014- The first year bitcoin has seen some stabilty.
2014- The year of the Trezor, everybody on here is talking about them.
2014- The year bit the bitcoin ATM
Heaps of thing have happened this year for bitcoin!

Don't forget PAYPAL

[OptimusPrime7]

Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000....

[botany]

Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000....

I think $1000 is not going to happen anytime soon.
We have to break beyond $400 first.

[Eastwind]

Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000....

I think $1000 is not going to happen anytime soon.
We have to break beyond $400 first.

When BTC gets used more, price will rise.

[Bananana]

Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000....

I think $1000 is not going to happen anytime soon.
We have to break beyond $400 first.

When BTC gets used more, price will rise.

The problem is, those giant company don't keep btc and they sell it almost immediately. So they will most likely drive the price down....

[Eastwind]

Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000....

I think $1000 is not going to happen anytime soon.
We have to break beyond $400 first.

When BTC gets used more, price will rise.

The problem is, those giant company don't keep btc and they sell it almost immediately. So they will most likely drive the price down....

Yes. But When B2B BTC usage appears, there will be some BTC retained in the corporate account, that will reduce the dumping into exchanges.

[Furio]

Difficulty is following bitcoin's price. Lets see what happen if bitcoin price suddenly rise to $1000....

I think $1000 is not going to happen anytime soon.
We have to break beyond $400 first.

When BTC gets used more, price will rise.

The problem is, those giant company don't keep btc and they sell it almost immediately. So they will most likely drive the price down....

Yes. But When B2B BTC usage appears, there will be some BTC retained in the corporate account, that will reduce the dumping into exchanges.

That is essential to develop the bitcoin infrastructure further, bizniz can really benefit from bitcoin, yet due to al negative attention, it seems risky, while in fact it's one of the most secure networks ever!

[SlaveInDebt]

I see this as a good thing. Catching up with modern chip manufacturing for a p2p network is nothing to be upset about.
Expect to be flat or down for awhile however. Still have that why should joe blow use btc whether he knows it or not dilemma.
Big money gets in quietly before joe gets in.