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Topic: [2014-12-03] Bitcoin Mining Difficulty Decreases for First Time in Almost 2years (Read 1217 times)

legendary
Activity: 1904
Merit: 1074
Is it just me, or did transactions take longer than ussual? Where is Ghash  Grin

It will rectify it self, no reason to worry.  Cheesy
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
there was a time when i did not think this possible. Its nice to see hashing level out.

just a pause, dont worry  Wink
sr. member
Activity: 406
Merit: 250
It is the market doing what markets do. This is a good thing. It will go back up as soon as the value does.
hero member
Activity: 686
Merit: 500
there was a time when i did not think this possible. Its nice to see hashing level out.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Bitcoin Mining Difficulty Decreases for First Time in Almost Two Years

https://www.cryptocoinsnews.com/bitcoin-mining-difficulty-decreases-first-time-almost-two-years/



this is the end  Tongue

Well it was a bubble that couldn't last forever (Kid)
It's just a temporary reprieve after all economics does play a role in unit costs etc, we will need to wait for newer units to come online into the market which offer more GH / Cost or for the market to react and people to start mining because its stable.
Anyways this was expected

Going with Chris and his comment in the article

The changes from CPU->GPU->ASIC were events that disrupted the ecosystem due to decreased predictability of hash rates in weeks, months, or even a year and as one nears the end of a huge transition period, this will happen. When you have a level of stability (e.g. 1-2% increases vs 20-30%) it makes it easier for anyone to mine because getting a miner a month or two late won't significantly change the profitability (or lack thereof) of mining hardware
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Bitcoin Mining Difficulty Decreases for First Time in Almost Two Years

https://www.cryptocoinsnews.com/bitcoin-mining-difficulty-decreases-first-time-almost-two-years/



this is the end  Tongue
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