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Author Topic: Falling BitCoin to USD value and the possibility of miners quitting  (Read 979 times)
macharborguy
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September 17, 2011, 03:41:59 AM
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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.
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RandyFolds
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September 17, 2011, 03:53:53 AM
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https://en.bitcoin.it/wiki/Main_Page

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September 17, 2011, 03:56:19 AM
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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.
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September 17, 2011, 04:00:11 AM
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(No offense to OP)

This made me chuckle.

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