Bitcoin Forum
November 17, 2024, 01:38:57 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Got questions about mining difficulty  (Read 626 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
film2240 (OP)
Legendary
*
Offline Offline

Activity: 1022
Merit: 1000


Freelance videographer


View Profile WWW
February 02, 2014, 01:48:38 PM
 #1

I've got a few questions about difficulty,thanks to an article claiming that BTC will fall to $10 by the middle of this year so anyway,when the value drops significantly,does the mining difficulty significantly enough for smaller miners to benefit again or is this just a case of ever growing difficulty that'll continue as long as BTC exists?

Would like some help in understanding this better.

Articles that led me to think this:
http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12
http://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/
http://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/


[This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month]
[This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month]
[This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month]
Entropy-uc
Hero Member
*****
Offline Offline

Activity: 756
Merit: 501


View Profile
February 03, 2014, 02:40:44 AM
 #2

If bitcoin crashes to that level the only people able to operate profitably will be stealing electricity.  I guess if you consider electricity theft to be a necessarily small time activity, then the answer to your question is yes.

But I wouldn't worry about it.  Williams is a moron.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!