Bitcoin Forum
November 19, 2017, 01:13:38 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Falling BitCoin to USD value and the possibility of miners quitting  (Read 962 times)
macharborguy
Jr. Member
*
Offline Offline

Activity: 42


View Profile
September 17, 2011, 03:41:59 AM
 #1

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.

1AqpBsJ26Tde7rHYrVJFuoRKD54TcykZT1
1511097218
Hero Member
*
Offline Offline

Posts: 1511097218

View Profile Personal Message (Offline)

Ignore
1511097218
Reply with quote  #2

1511097218
Report to moderator
1511097218
Hero Member
*
Offline Offline

Posts: 1511097218

View Profile Personal Message (Offline)

Ignore
1511097218
Reply with quote  #2

1511097218
Report to moderator
1511097218
Hero Member
*
Offline Offline

Posts: 1511097218

View Profile Personal Message (Offline)

Ignore
1511097218
Reply with quote  #2

1511097218
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
RandyFolds
Sr. Member
****
Offline Offline

Activity: 448



View Profile
September 17, 2011, 03:53:53 AM
 #2

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

Welcome to Bitcoin!
nmat
Hero Member
*****
Offline Offline

Activity: 602


View Profile
September 17, 2011, 03:56:19 AM
 #3

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.
johnj
Full Member
***
Offline Offline

Activity: 154


View Profile
September 17, 2011, 04:00:11 AM
 #4


(No offense to OP)

This made me chuckle.

1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
TradeHill Referral TH-R120549
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!