Difficulty dropping

[DustyRah]

Difficulty seems to be dropping as the low price of Bitcoin has cut into mining profits. This may help to stabilize Bitcoin price.

This phenomenon helps miners who have bought into yearly contracts and are HODLERS as they will receive more Bitcoins which they expect to hold long term anyways.

[Mieehayii]

‘If the price stays the same, then we would expect half of the Bitcoin miners to quit’

https://twitter.com/allenscottCT/status/543472406640480257

[mlferro]

Difficulty seems to be dropping as the low price of Bitcoin has cut into mining profits. This may help to stabilize Bitcoin price.

This phenomenon helps miners who have bought into yearly contracts and are HODLERS as they will receive more Bitcoins which they expect to hold long term anyways.

share the same thought, we can have a more stable bitcoin

[NUFCrichard]

You have to be crazy to buy mining equipment, so I am not surprised that difficulty is plateauing until the next generation miners are released.

[Amph]

It's the beginning of the end.

it may be a good thing, could encourage small miner to join again

a reset is always needed , and it's inevitable

[rogerdonkey]

that's great for miner, maybe.