Bitcoin Forum
June 17, 2024, 02:50:01 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: To increase bitcoin value  (Read 155 times)
JW_B (OP)
Newbie
*
Offline Offline

Activity: 31
Merit: 0


View Profile
November 25, 2018, 01:32:03 PM
 #1

Hash power must be distributed all over the world.

It is too concentrated in the Chinese pool.

https://miningpoolstats.stream/bitcoin
Anti-Cen
Member
**
Offline Offline

Activity: 210
Merit: 26

High fees = low BTC price


View Profile
November 25, 2018, 02:19:17 PM
 #2

compost to feed the roots of tulips growing in the 1700's still did not prevent the crash and that plan at least
had some logic to it.

Shame that you didn't head for the door like me and cashed all but out of BTC at $18k after we watched fees hit
$55 per transaction because the price should not had risen over $0.10 but the scammers got too greedy to early
and blew it.


Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
Amevalentine
Sr. Member
****
Offline Offline

Activity: 826
Merit: 250



View Profile
November 25, 2018, 03:24:57 PM
 #3

Hash power must be distributed all over the world.

It is too concentrated in the Chinese pool.

https://miningpoolstats.stream/bitcoin
to improve is a lot of ways yes for me how to increase the value of bitcoin one of them by posting with words that are good and reasonable and not arbitrary we type and speak in my opinion so
SnapDown22
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250



View Profile
November 25, 2018, 03:40:54 PM
 #4

Hash power must be distributed all over the world.

It is too concentrated in the Chinese pool.

https://miningpoolstats.stream/bitcoin
to improve is a lot of ways yes for me how to increase the value of bitcoin one of them by posting with words that are good and reasonable and not arbitrary we type and speak in my opinion so
I agree with you I think so is a simple way that can increase the value of bitcoin I criticize you with logic and that's true of your word
dothebeats
Legendary
*
Offline Offline

Activity: 3668
Merit: 1353


View Profile
November 25, 2018, 03:47:49 PM
 #5

I don't see what hash power distribution has to do with value. The said setup/scenario actually ran for a couple of years with bitcoin's value not being affected too much. Traders control the market; the miners control the supply. Geographic location and hash power distribution doesn't dictate how often can miners offload their coins in the market. Also, miners being concentrated on China doesn't mean a single entity is controlling them. Mind you, there are loads of mining operators in China alone that control is hard to even be established by a single person.
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!