Author

Topic: Miners' strike! (Read 1424 times)

legendary
Activity: 1456
Merit: 1000
December 19, 2014, 12:59:36 PM
#13
Wat... this has "let me do a double spend" written all over it.

It also has someone who was not thinking.  Not even a chance this will happen. 
legendary
Activity: 1722
Merit: 1000
December 19, 2014, 12:01:23 PM
#12
Wat... this has "let me do a double spend" written all over it.
full member
Activity: 195
Merit: 100
December 19, 2014, 09:27:00 AM
#11
Bots and traders have hammered the price of bitcoin in 2014. Enough is enough!

What if miners all around the world would unite and decide to strike all at once?  No more mining of bitcoin until the price goes back to decent profitability levels?

The network would stall for about 10 days - granted.  But, the message would go load and clear to those "Wall Street" traders... respect the producers of bitcoin!
Traders are not driving down BTC prices. It is miners who must sell most of their output in order to keep mining.
The issue for miners is BTC mining is a zero sum game - you invest to take production away from the competition.
sr. member
Activity: 481
Merit: 250
December 19, 2014, 09:22:41 AM
#10
Ok I have a better ideea
Everyone stop hashing and let me be the only hasher !
I will make some nice coins for myself hahaha

Nah, you actually have to take a hell long to mine cause the difficulty is stuck at really high for many many months. Difficulty don't retarget immediately like some alt-coin do Smiley
hero member
Activity: 742
Merit: 500
December 19, 2014, 09:20:06 AM
#9
yes, i forgot about that Smiley
legendary
Activity: 1029
Merit: 1000
December 19, 2014, 09:17:52 AM
#8
he will only get a lot of transactions fee's?
Only if he finds a block. And that maybe difficult without petahashes...
hero member
Activity: 742
Merit: 500
December 19, 2014, 07:01:05 AM
#7
he will only get a lot of transactions fee's?
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
December 19, 2014, 06:31:55 AM
#6
heres a better idea - how bout everyone stop mining for a day and let me mine all day, solo mining starting to look very profitable Grin
You still wont find a block any easier, as the diff is still fucking high...
hero member
Activity: 742
Merit: 500
December 19, 2014, 06:29:26 AM
#5
what Huh Huh Huh Huh Huh Huh Huh Huh
 Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked
hero member
Activity: 1568
Merit: 507
December 19, 2014, 06:23:33 AM
#4
heres a better idea - how bout everyone stop mining for a day and let me mine all day, solo mining starting to look very profitable Grin
legendary
Activity: 1120
Merit: 1001
December 19, 2014, 06:04:31 AM
#3
Ok I have a better ideea
Everyone stop hashing and let me be the only hasher !
I will make some nice coins for myself hahaha
legendary
Activity: 2702
Merit: 1072
December 19, 2014, 05:51:19 AM
#2
Eh, what?

Why do you think it would rise if the mining was to stop?
jr. member
Activity: 31
Merit: 109
December 19, 2014, 05:48:22 AM
#1
Bots and traders have hammered the price of bitcoin in 2014. Enough is enough!

What if miners all around the world would unite and decide to strike all at once?  No more mining of bitcoin until the price goes back to decent profitability levels?

The network would stall for about 10 days - granted.  But, the message would go load and clear to those "Wall Street" traders... respect the producers of bitcoin!



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