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seriouscoin (OP)
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September 19, 2014, 12:50:46 PM
Last edit: September 19, 2014, 01:02:11 PM by seriouscoin |
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Btc price drops 18%
Difficulty jumps 18%
Your mining profit got shafted 36% ...
But who cares, keep donating money to hardware vendors, they need your help.
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philivey
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Activity: 24
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September 19, 2014, 02:38:14 PM |
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Haha ye, so smart donating your money to the scammers instead of just buying coins. At least you guys have those nice fan noises to comfort you in your sorrow.
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generalt
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Activity: 1096
Merit: 1021
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September 20, 2014, 03:15:59 AM |
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And heat for the winter
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BTC: 1GENERALrtBAjEv2Ps5cmEW1FADnXh1bCZ
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micky123
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Activity: 1022
Merit: 1005
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September 21, 2014, 10:16:44 AM |
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Shouldn't it go the other way? If BTC price drops, more people turn off their miners which leads to lower difficulty? Well, i guess greed is all consuming  |
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fewcoins
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September 22, 2014, 02:12:08 AM |
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Shouldn't it go the other way? If BTC price drops, more people turn off their miners which leads to lower difficulty? Well, i guess greed is all consuming Facts : Difficulty will never lower. |
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taipo
Full Member
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Activity: 238
Merit: 100
Kia ora!
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September 22, 2014, 06:20:08 AM |
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Definitely a stare down with large mining operations.
Who will be first to blink as they drive the hash rate as far skyward with their cheap power mining operations.
Welcome to the world of do-as-you-will capitalism.
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seriouscoin (OP)
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September 22, 2014, 06:20:54 AM |
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Btc price drops 18%
Difficulty jumps 18%
Your mining profit got shafted 36% ...
But who cares, keep donating money to hardware vendors, they need your help.
Actually profit drop more then 36% if expenses is included  . actually look like diff jump will be 20%! ..... not good... but who gives a shit, i need to help out all the manufacturers! Hooray 20 Bitmain S4 is ordered! |
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micky123
Legendary
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Activity: 1022
Merit: 1005
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September 22, 2014, 06:32:46 AM |
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Shouldn't it go the other way? If BTC price drops, more people turn off their miners which leads to lower difficulty? Well, i guess greed is all consuming Facts : Difficulty will never lower. Hmmm.... i feel that individuals will find it difficult to keep their mining rigs going. They will eventually pull out and sell off their miners. The price of BTC is going down again, i cant really see a ROI for folks who got in the last 3 months or so. Really sorry for them . |
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ChuckBuck
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September 22, 2014, 05:14:59 PM |
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Shouldn't it go the other way? If BTC price drops, more people turn off their miners which leads to lower difficulty? Well, i guess greed is all consuming Facts : Difficulty will never lower. Actually Difficulty has lowered in the past: Date Difficulty Change Hashrate
Sep 13 2014 29,829,733,124 8.75% 213,529,547 GH/s
Aug 31 2014 27,428,630,902 15.03% 196,341,788 GH/s
Aug 19 2014 23,844,670,039 20.86% 170,686,797 GH/s
Aug 07 2014 19,729,645,941 5.3% 141,230,307 GH/s
Jul 25 2014 18,736,441,558 8.08% 134,120,673 GH/s
Jul 12 2014 17,336,316,979 3.08% 124,098,191 GH/s
Jun 29 2014 16,818,461,371 24.93% 120,391,236 GH/s
Jun 17 2014 13,462,580,115 14.51% 96,368,902 GH/s
Jun 05 2014 11,756,551,917 12.44% 84,156,677 GH/s
May 24 2014 10,455,720,138 18.1% 74,844,960 GH/s
May 12 2014 8,853,416,309 10.66% 63,375,223 GH/s
Apr 29 2014 8,000,872,136 14.64% 57,272,474 GH/s
Apr 17 2014 6,978,842,650 14.04% 49,956,502 GH/s
Apr 05 2014 6,119,726,089 22.23% 43,806,706 GH/s
Mar 24 2014 5,006,860,589 17.8% 35,840,504 GH/s
Mar 12 2014 4,250,217,920 11.39% 30,424,245 GH/s
Feb 28 2014 3,815,723,799 21.92% 27,314,015 GH/s
Feb 16 2014 3,129,573,175 19.39% 22,402,357 GH/s
Feb 05 2014 2,621,404,453 19.49% 18,764,744 GH/s
Jan 24 2014 2,193,847,870 22.59% 15,704,175 GH/s
Jan 12 2014 1,789,546,951 26.16% 12,810,076 GH/s
Jan 01 2014 1,418,481,395 20.12% 10,153,885 GH/s
Dec 21 2013 1,180,923,195 30.01% 8,453,378 GH/s
Dec 10 2013 908,350,862 28.41% 6,502,229 GH/s
Nov 29 2013 707,408,283 16.07% 5,063,826 GH/s
Nov 17 2013 609,482,680 19.29% 4,362,847 GH/s
Nov 05 2013 510,929,738 30.7% 3,657,378 GH/s
Oct 25 2013 390,928,788 46.02% 2,798,377 GH/s
Oct 16 2013 267,731,249 41.45% 1,916,495 GH/s
Oct 06 2013 189,281,249 27.19% 1,354,928 GH/s
Sep 25 2013 148,819,200 32.13% 1,065,289 GH/s
Sep 14 2013 112,628,549 29.56% 806,227 GH/s
Sep 04 2013 86,933,018 32.22% 622,291 GH/s
Aug 24 2013 65,750,060 29.40% 470,657 GH/s
Aug 13 2013 50,810,339 35.88% 363,715 GH/s
Aug 03 2013 37,392,766 19.63% 267,668 GH/s
Jul 22 2013 31,256,961 19.47% 223,746 GH/s
Jul 11 2013 26,162,876 22.63% 187,281 GH/s
Jun 29 2013 21,335,329 10.32% 152,724 GH/s
Jun 16 2013 19,339,258 23.92% 138,436 GH/s
Jun 05 2013 15,605,633 28.41% 111,709 GH/s
May 25 2013 12,153,412 8.64% 86,998 GH/s
May 12 2013 11,187,257 11.03% 80,082 GH/s
Apr 30 2013 10,076,293 12.28% 72,129 GH/s
Apr 17 2013 8,974,296 16.96% 64,241 GH/s
Apr 05 2013 7,673,000 14.59% 54,925 GH/s
Mar 24 2013 6,695,826 38.13% 47,931 GH/s
Mar 14 2013 4,847,647 10.98% 34,701 GH/s
Mar 01 2013 4,367,876 19.63% 31,266 GH/s
Feb 18 2013 3,651,012 11.47% 26,135 GH/s
Feb 05 2013 3,275,465 10.33% 23,447 GH/s
Jan 23 2013 2,968,775 -8.64% 21,251 GH/s
Jan 08 2013 3,249,550 9.06% 23,261 GH/s
Dec 26 2012 2,979,637 -11.59% 21,329 GH/s
Dec 10 2012 3,370,182 -2.00% 24,125 GH/s
Nov 26 2012 3,438,909 2.08% 24,617 GH/s
Nov 12 2012 3,368,767 1.95% 24,115 GH/s
Oct 30 2012 3,304,356 7.55% 23,654 GH/s
Oct 16 2012 3,072,322 0.58% 21,993 GH/s
Oct 03 2012 3,054,628 6.65% 21,866 GH/s
Sep 19 2012 2,864,141 6.31% 20,502 GH/s
Sep 06 2012 2,694,048 10.38% 19,285 GH/s
Aug 25 2012 2,440,643 11.40% 17,471 GH/s
Aug 12 2012 2,190,866 7.57% 15,683 GH/s
Jul 30 2012 2,036,671 9.12% 14,579 GH/s
Jul 17 2012 1,866,391 6.56% 13,360 GH/s
Jul 04 2012 1,751,455 1.44% 12,537 GH/s
Jun 20 2012 1,726,567 9.06% 12,359 GH/s
Jun 07 2012 1,583,178 -0.50% 11,333 GH/s
May 24 2012 1,591,075 -8.20% 11,389 GH/s
May 09 2012 1,733,208 14.89% 12,407 GH/s
Apr 27 2012 1,508,590 -4.39% 10,799 GH/s
Apr 12 2012 1,577,913 -2.99% 11,295 GH/s
Mar 29 2012 1,626,553 8.56% 11,643 GH/s
Mar 16 2012 1,498,294 0.09% 10,725 GH/s
Mar 02 2012 1,496,979 8.77% 10,716 GH/s
Feb 18 2012 1,376,302 -0.24% 9,852 GH/s
Feb 04 2012 1,379,647 5.50% 9,876 GH/s
It's not likely, but doesn't mean it's impossible either. |
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iglasses
Legendary
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Activity: 1148
Merit: 1000
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September 22, 2014, 05:19:16 PM |
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I only have a signature because I'm allowed.
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fewcoins
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September 23, 2014, 05:03:47 AM |
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Shouldn't it go the other way? If BTC price drops, more people turn off their miners which leads to lower difficulty? Well, i guess greed is all consuming Facts : Difficulty will never lower. Actually Difficulty has lowered in the past: Date Difficulty Change Hashrate
Sep 13 2014 29,829,733,124 8.75% 213,529,547 GH/s
Aug 31 2014 27,428,630,902 15.03% 196,341,788 GH/s
Aug 19 2014 23,844,670,039 20.86% 170,686,797 GH/s
Aug 07 2014 19,729,645,941 5.3% 141,230,307 GH/s
Jul 25 2014 18,736,441,558 8.08% 134,120,673 GH/s
Jul 12 2014 17,336,316,979 3.08% 124,098,191 GH/s
Jun 29 2014 16,818,461,371 24.93% 120,391,236 GH/s
Jun 17 2014 13,462,580,115 14.51% 96,368,902 GH/s
Jun 05 2014 11,756,551,917 12.44% 84,156,677 GH/s
May 24 2014 10,455,720,138 18.1% 74,844,960 GH/s
May 12 2014 8,853,416,309 10.66% 63,375,223 GH/s
Apr 29 2014 8,000,872,136 14.64% 57,272,474 GH/s
Apr 17 2014 6,978,842,650 14.04% 49,956,502 GH/s
Apr 05 2014 6,119,726,089 22.23% 43,806,706 GH/s
Mar 24 2014 5,006,860,589 17.8% 35,840,504 GH/s
Mar 12 2014 4,250,217,920 11.39% 30,424,245 GH/s
Feb 28 2014 3,815,723,799 21.92% 27,314,015 GH/s
Feb 16 2014 3,129,573,175 19.39% 22,402,357 GH/s
Feb 05 2014 2,621,404,453 19.49% 18,764,744 GH/s
Jan 24 2014 2,193,847,870 22.59% 15,704,175 GH/s
Jan 12 2014 1,789,546,951 26.16% 12,810,076 GH/s
Jan 01 2014 1,418,481,395 20.12% 10,153,885 GH/s
Dec 21 2013 1,180,923,195 30.01% 8,453,378 GH/s
Dec 10 2013 908,350,862 28.41% 6,502,229 GH/s
Nov 29 2013 707,408,283 16.07% 5,063,826 GH/s
Nov 17 2013 609,482,680 19.29% 4,362,847 GH/s
Nov 05 2013 510,929,738 30.7% 3,657,378 GH/s
Oct 25 2013 390,928,788 46.02% 2,798,377 GH/s
Oct 16 2013 267,731,249 41.45% 1,916,495 GH/s
Oct 06 2013 189,281,249 27.19% 1,354,928 GH/s
Sep 25 2013 148,819,200 32.13% 1,065,289 GH/s
Sep 14 2013 112,628,549 29.56% 806,227 GH/s
Sep 04 2013 86,933,018 32.22% 622,291 GH/s
Aug 24 2013 65,750,060 29.40% 470,657 GH/s
Aug 13 2013 50,810,339 35.88% 363,715 GH/s
Aug 03 2013 37,392,766 19.63% 267,668 GH/s
Jul 22 2013 31,256,961 19.47% 223,746 GH/s
Jul 11 2013 26,162,876 22.63% 187,281 GH/s
Jun 29 2013 21,335,329 10.32% 152,724 GH/s
Jun 16 2013 19,339,258 23.92% 138,436 GH/s
Jun 05 2013 15,605,633 28.41% 111,709 GH/s
May 25 2013 12,153,412 8.64% 86,998 GH/s
May 12 2013 11,187,257 11.03% 80,082 GH/s
Apr 30 2013 10,076,293 12.28% 72,129 GH/s
Apr 17 2013 8,974,296 16.96% 64,241 GH/s
Apr 05 2013 7,673,000 14.59% 54,925 GH/s
Mar 24 2013 6,695,826 38.13% 47,931 GH/s
Mar 14 2013 4,847,647 10.98% 34,701 GH/s
Mar 01 2013 4,367,876 19.63% 31,266 GH/s
Feb 18 2013 3,651,012 11.47% 26,135 GH/s
Feb 05 2013 3,275,465 10.33% 23,447 GH/s
Jan 23 2013 2,968,775 -8.64% 21,251 GH/s
Jan 08 2013 3,249,550 9.06% 23,261 GH/s
Dec 26 2012 2,979,637 -11.59% 21,329 GH/s
Dec 10 2012 3,370,182 -2.00% 24,125 GH/s
Nov 26 2012 3,438,909 2.08% 24,617 GH/s
Nov 12 2012 3,368,767 1.95% 24,115 GH/s
Oct 30 2012 3,304,356 7.55% 23,654 GH/s
Oct 16 2012 3,072,322 0.58% 21,993 GH/s
Oct 03 2012 3,054,628 6.65% 21,866 GH/s
Sep 19 2012 2,864,141 6.31% 20,502 GH/s
Sep 06 2012 2,694,048 10.38% 19,285 GH/s
Aug 25 2012 2,440,643 11.40% 17,471 GH/s
Aug 12 2012 2,190,866 7.57% 15,683 GH/s
Jul 30 2012 2,036,671 9.12% 14,579 GH/s
Jul 17 2012 1,866,391 6.56% 13,360 GH/s
Jul 04 2012 1,751,455 1.44% 12,537 GH/s
Jun 20 2012 1,726,567 9.06% 12,359 GH/s
Jun 07 2012 1,583,178 -0.50% 11,333 GH/s
May 24 2012 1,591,075 -8.20% 11,389 GH/s
May 09 2012 1,733,208 14.89% 12,407 GH/s
Apr 27 2012 1,508,590 -4.39% 10,799 GH/s
Apr 12 2012 1,577,913 -2.99% 11,295 GH/s
Mar 29 2012 1,626,553 8.56% 11,643 GH/s
Mar 16 2012 1,498,294 0.09% 10,725 GH/s
Mar 02 2012 1,496,979 8.77% 10,716 GH/s
Feb 18 2012 1,376,302 -0.24% 9,852 GH/s
Feb 04 2012 1,379,647 5.50% 9,876 GH/s
It's not likely, but doesn't mean it's impossible either. Nobody is mentioning the past... BTC was 1,100 in the past lol point is difficulty will NEVER drop now ever. |
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david123
Legendary
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Activity: 1022
Merit: 1004
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September 26, 2014, 11:21:24 AM |
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Facts : Difficulty will never lower.
And what is this "fact" based on? Your superior intuition, I guess  In my opinion, we will likely see some small drops in diff in the near future, but the general trend is up. |
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SMB-2525
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September 26, 2014, 12:34:46 PM |
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In my opinion, we will likely see some small drops in diff in the near future,
but the general trend is up.
IMHO, we will not see a "drop" until the current generation of mining equipment is obsolete. By obsolete I mean producing less than 1/10,000 BTC/THS/day. |
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ChuckBuck
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September 26, 2014, 12:53:11 PM |
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I could easily see difficulty drop in the not so distant future, once electrical and operation costs exceed miner earnings for the large mining farms.
The big boys will be forced to shut down or scale operations, we'll see a negative difficulty jump, network hash rate will flat line or lower, and the home miners will jump in again to confirm the transactions.
Could easily see this cycle happen around 2015-2016, probably closer to the halving.
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mmeijeri
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September 26, 2014, 01:13:06 PM |
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I could easily see difficulty drop in the not so distant future, once electrical and operation costs exceed miner earnings for the large mining farms.
The big boys will be forced to shut down or scale operations, we'll see a negative difficulty jump, network hash rate will flat line or lower, and the home miners will jump in again to confirm the transactions.
Could easily see this cycle happen around 2015-2016, probably closer to the halving.
The bolded part is the only thing in this post that strikes me as improbable. Why would home miners jump back in? |
ROI is not a verb, the term you're looking for is 'to break even'.
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ChuckBuck
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September 26, 2014, 01:28:11 PM |
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I could easily see difficulty drop in the not so distant future, once electrical and operation costs exceed miner earnings for the large mining farms.
The big boys will be forced to shut down or scale operations, we'll see a negative difficulty jump, network hash rate will flat line or lower, and the home miners will jump in again to confirm the transactions.
Could easily see this cycle happen around 2015-2016, probably closer to the halving.
The bolded part is the only thing in this post that strikes me as improbable. Why would home miners jump back in? If difficulty decreases to the point that you could earn a few BTC's, why wouldn't you plug back in? |
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mmeijeri
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September 26, 2014, 01:51:04 PM |
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If difficulty decreases to the point that you could earn a few BTC's, why wouldn't you plug back in?
It isn't just a function of difficulty and price, large miners have economies of scale that a home miner cannot beat. Lower energy costs, volume discounts or internal production, larger amounts of old hardware to switch back on. |
ROI is not a verb, the term you're looking for is 'to break even'.
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ChuckBuck
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September 26, 2014, 04:04:50 PM |
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If difficulty decreases to the point that you could earn a few BTC's, why wouldn't you plug back in?
It isn't just a function of difficulty and price, large miners have economies of scale that a home miner cannot beat. Lower energy costs, volume discounts or internal production, larger amounts of old hardware to switch back on. We're talking about when costs exceed earning, probably sometime in 2015 or 2016. Once the large shops, and several pentahash gets shut down, difficulty will drop by a large order of magnitude. It maybe small earnings, but home miners that are in the community would plug in, to support the Bitcoin network once the large scale miner shuts down. |
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mmeijeri
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September 26, 2014, 04:13:15 PM
Last edit: September 26, 2014, 04:28:44 PM by mmeijeri |
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It maybe small earnings, but home miners that are in the community would plug in, to support the Bitcoin network once the large scale miner shuts down.
I doubt all large scale miners would shut down. A few, perhaps even many would shut down, but the most efficient ones would survive, perhaps running well below capacity. I don't see how home miners could ever hope to recapture a large share of the network hashing power, unless the PoW algorithm is changed. |
ROI is not a verb, the term you're looking for is 'to break even'.
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TheJuice
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September 26, 2014, 04:52:34 PM |
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Shouldn't it go the other way? If BTC price drops, more people turn off their miners which leads to lower difficulty? Well, i guess greed is all consuming Facts : Difficulty will never lower. What to bet 10 btc on this? You win if diff doesn't go down (on 1 adjustment) over the next 2 years. Otherwise I win. |
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