New difficulty: 1250758, 7.8% increase Will this make the value of BTC increase?

[celcoid]

Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?

[SaintFlow]

Only if the additinal 7.8 percent of mining powers does not plan on selling on exchange.

[notme]

Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?

No

[rjk]

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.

[westkybitcoins]

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.

[rjk]

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.

[gnar1ta$]

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.

[eleuthria]

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.