Topic: Difficulty +30% in about 3h - page 2. (Read 2272 times)
RISE BITCOIN RISE
Since difficulty is increasing, there will be less mined bitcoins and thus less bitcoins sold by miners to pay for electricity and other costs, thus the BTC/USD should not fall, but rise right? (Less sell pressure).
It does affect the price, as money will be flowing back from mining into bitcoin and other more attractive bitcoin related investments. There was a big gold rush for mining equipment and now that is coming to an end. There is a lag before that shows up in the difficulty though, I don't expect the exponential rise to level off before February 2014.
difficulty and price have 0 correlation.Wrong. But believe what you want.
It does affect the price, as money will be flowing back from mining into bitcoin and other more attractive bitcoin related investments. There was a big gold rush for mining equipment and now that is coming to an end. There is a lag before that shows up in the difficulty though, I don't expect the exponential rise to level off before February 2014.
difficulty and price have 0 correlation. It does affect the price, as money will be flowing back from mining into bitcoin and other more attractive bitcoin related investments. There was a big gold rush for mining equipment and now that is coming to an end. There is a lag before that shows up in the difficulty though, I don't expect the exponential rise to level off before February 2014.
But what's the difference between it being implemented?
People know this is coming, if the price were to change due to it, it would have already.
It does affect the price, as money will be flowing back from mining into bitcoin and other more attractive bitcoin related investments. There was a big gold rush for mining equipment and now that is coming to an end. There is a lag before that shows up in the difficulty though, I don't expect the exponential rise to level off before February 2014.
This is known information. It's unlikely this will affect the price.
Nobody but the miners should really give a shit, except as a metric of the network strength.
The price least of all.
The price least of all.
Won't affect price 
Hi,
http://bitcoinwisdom.com/bitcoin/difficulty
It show that difficulty will rise a lot in few hours.
Where some peoples think the BtC price going to rise with the diff, some others are more pessimisstic and think that wont.
I don't understand enough about mining BitCoin.
I'm curious to know what do you think and why.
Thanks
http://bitcoinwisdom.com/bitcoin/difficulty
It show that difficulty will rise a lot in few hours.
Where some peoples think the BtC price going to rise with the diff, some others are more pessimisstic and think that wont.
I don't understand enough about mining BitCoin.
I'm curious to know what do you think and why.
Thanks
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