Bitcoin Forum
December 14, 2017, 09:09:11 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: What will happen when...  (Read 979 times)
megastacks
Newbie
*
Offline Offline

Activity: 14


View Profile
November 28, 2013, 08:26:46 AM
 #1

mining stops being cost effective?

I imagine people would stop mining which would drop difficulty and allow a profit to be made once again?  Eventually this should stabilize to a pretty steady rate of profit?

Thoughts?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
tinytiger
Newbie
*
Offline Offline

Activity: 8


View Profile
November 28, 2013, 08:45:34 AM
 #2

My thoughts: If the profit margin of mining changes slowly enough, the profit rate should stabilize pretty well. But if the margin changes apruptly, most likely for a significant loss of the XBT market value, if could take a long time until it will adjust. Especially today where a lot of ASICs are in use, the people would not know much to do with their miners otherwise so they just might decide to continue mining for quite a while, hoping for the market rates to rise again. Or they could start mining other cryptocurrencies like Litecoin or Namecoin though I guess their market rates are quite closely tied to XBT.
XBBlade
Member
**
Offline Offline

Activity: 70


View Profile
November 28, 2013, 08:59:48 AM
 #3

I think at some point the difficulty is that high that complete miningparks will be needed to mine. Than you can hop in at a few mining platforms.
Lewis2
Member
**
Offline Offline

Activity: 70


View Profile
November 28, 2013, 09:15:30 AM
 #4

Technology should proceed with the increase in difficulty to keep the value stable

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!