celcoid (OP)
Member
 Offline
Activity: 280
Merit: 10
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January 08, 2012, 10:27:13 PM |
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Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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SaintFlow
Sr. Member
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Activity: 476
Merit: 250
The first is by definition not flawed.
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January 08, 2012, 10:30:13 PM |
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Only if the additinal 7.8 percent of mining powers does not plan on selling on exchange.
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don't let me make you question your assumptions
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notme
Legendary
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Activity: 1904
Merit: 1002
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January 08, 2012, 10:31:01 PM |
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Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?
No |
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rjk
Sr. Member
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Activity: 448
Merit: 250
1ngldh
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January 08, 2012, 10:31:45 PM |
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Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?
The difficulty follows the market price, for the most part, not the other way around. |
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westkybitcoins
Legendary
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Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
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January 08, 2012, 10:44:47 PM |
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Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?
The difficulty follows the market price, for the most part, not the other way around. This. Price is a function of supply (which has a constant rate of influx) and demand. Difficulty doesn't factor into that. If anything, it's been the price increases that have incentivized more miners to join the game. |
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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rjk
Sr. Member
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Activity: 448
Merit: 250
1ngldh
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January 08, 2012, 10:46:18 PM |
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If anything, it's been the price increases that have incentivized more miners to join the game.
This is correct; even the pool operators have noticed an increase in old accounts becoming active once again. |
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gnar1ta$
Donator
Hero Member
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Activity: 798
Merit: 500
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January 08, 2012, 10:51:40 PM |
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Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?
The difficulty follows the market price, for the most part, not the other way around. ^^ This. http://bitcoinx.com/charts/ Charts here show difficulty follows price, not determines it. |
Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
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eleuthria
Legendary
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Activity: 1750
Merit: 1007
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January 09, 2012, 02:45:11 AM |
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If anything, it's been the price increases that have incentivized more miners to join the game.
This is correct; even the pool operators have noticed an increase in old accounts becoming active once again. BTC Guild found quite a large number of accounts that had been inactive for over 2 months suddenly withdraw coins [and in some cases fire back up the miners]. We'll see over the next few weeks if any new blood is joining the ranks of miners, or if it's mostly people who had their cards turned off when it became unprofitable to mine in some areas. |
RIP BTC Guild, April 2011 - June 2015
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