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rausvi15 (OP)
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January 12, 2015, 09:12:48 AM |
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What will happend if we all shut down miners for one hour... just before difficulty should rise up...  |
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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notlist3d
Legendary
 Offline
Activity: 1456
Merit: 1000
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January 12, 2015, 09:26:20 AM |
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Well if all did this we would not hit the next difficulty as the block would never be solved. I could be wrong but i think it would cause the blockchain to stop, stopping everything.
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zetaray
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January 12, 2015, 09:47:45 AM |
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If no blocks are mined, difficulty will not adjust. If all miners stalls and restarts in 2 weeks, difficulty stays high until the next adjustment block.
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inigthz
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January 12, 2015, 10:20:56 AM |
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Don't know, but i think satoshi's machines keep alive to mine.
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-ck
Legendary
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Activity: 4102
Merit: 1631
Ruu \o/
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January 12, 2015, 10:40:29 AM |
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Nothing would happen for an hour and then everything would resume as it always did and difficulty would still rise virtually the same amount. There are periods of over an hour where no blocks are found even with all the mining in the world still going on and this would be no different to those periods. If you want difficulty to drop as much as possible you need to stop people mining for 8 weeks. In that time the lack of transaction processing would lead to a bitcoin collapse unlike any before and it would be totally utterly worthless at the end of it.
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Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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avw1982
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January 12, 2015, 10:41:53 AM |
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Just give it a try.  |
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twister
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January 12, 2015, 10:43:20 AM |
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I think it will stop all transactions, is this right? We are dependent on miners for confirmations.
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Dexter770221
Legendary
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Activity: 1029
Merit: 1000
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January 12, 2015, 10:56:54 AM |
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That type of actions never been a success. Once in the year there's green hour for earth. There's alot of talking about turning off all electric devices. And when that hour comes, still alot of lights is turned on. People just don't care, they want to live as always. Same day in many news you can hear from electric plant engineers that this type of action can only make troubles in such plants. Same thing would be with mining. That would give a shit regarding diff, but lack of confirmations in one hour could hurt some people.
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Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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rausvi15 (OP)
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January 12, 2015, 11:16:16 AM |
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i just want That difficulty drop and we can make some coins Easier..?
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-ck
Legendary
Offline
Activity: 4102
Merit: 1631
Ruu \o/
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January 12, 2015, 11:19:29 AM |
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i just want That difficulty drop and we can make some coins Easier..?
No |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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gkv9
Legendary
Offline
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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January 12, 2015, 02:55:06 PM |
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There are many thinking this way and many thinking the better way off... If everyone would ever to do this, then it will be possible for so many newbies to make some good coins generated using their CPUs only, as the difficulty would have dropped down hard due to this and blockchain may get stopped and no ledgers might take place...
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BTCish
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January 12, 2015, 08:56:53 PM |
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interesting idea, but unrealistic.
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-ck
Legendary
Offline
Activity: 4102
Merit: 1631
Ruu \o/
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January 12, 2015, 10:33:03 PM |
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There are many thinking this way and many thinking the better way off... If everyone would ever to do this, then it will be possible for so many newbies to make some good coins generated using their CPUs only, as the difficulty would have dropped down hard due to this and blockchain may get stopped and no ledgers might take place...
Difficulty drops are limited and they happen very slowly, and blocks still need to be solved before the difficulty changes. It would take 10 years before the difficulty would drop back to CPU mining levels... Bitcoin mining already has contingency plans built into its design to make these ideas pointless. |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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rausvi15 (OP)
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January 13, 2015, 11:57:57 AM |
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Why people still minning??
calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
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skuser
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January 13, 2015, 01:26:35 PM |
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Why people still minning??
calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
Cheaper electricity? |
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MarketNeutral
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January 13, 2015, 02:15:41 PM |
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i just want That difficulty drop and we can make some coins Easier..?
I prefer a higher difficulty. |
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MarketNeutral
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January 13, 2015, 02:18:35 PM |
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Why people still minning??
calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
Not everyone shares your goals, time frame, hardware costs, or electricity costs. |
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Seketsuna
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January 13, 2015, 02:24:37 PM |
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btc price is going down, so whats the point mining it already.. better buy it than mining
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skuser
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January 13, 2015, 03:06:08 PM |
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btc price is going down, so whats the point mining it already.. better buy it than mining
Buying in this situation is called catching a falling knife... |
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