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Author Topic: Got questions about mining difficulty  (Read 592 times)
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film2240 (OP)
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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/


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Entropy-uc
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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.
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