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Author Topic: BTC halving and hash power  (Read 518 times)
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June 09, 2019, 06:13:37 PM
 #21

BTC value has nothing to do with hashpower

Wrong,
  • Some miners would be forced to shut down if BTC price crashed since cost to mine BTC is higher than earned BTC
  • Big miners normally would expand their business (buy more ASIC) if they know it's profitable to do so

An example : https://www.coindesk.com/bitcoin-price-decline-sparks-rare-mining-difficulty-drop

an increasing difficulty and a reducing hashpower will also directly corelate to a decreasing supply for btc.

I think you meant slower block time due to decreased hashrate, but it's corrected every 2048 blocks.

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June 09, 2019, 11:29:54 PM
 #22

~

it is not a good idea to report and compare fees in BTC or any value type like that. fees should always be reported in value/size like BTC/byte because for example nowadays there are a lot of multisignature transactions which also have multiple inputs. the transaction size is huge compared to a simple single signature transaction of early years with only 1 input. so even if both paid 1 satoshi/byte fee (ie equal fee) the fee for the multisig/multi input tx would be a lot higher.

I understand and agree with you, but i was just showing a graph for presenting such requested information from Wind_FURY on how it was being negotiated before.
As you might notice that's why these graph stats end in 2017 Smiley

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