Author

Topic: New difficulty: 1250758, 7.8% increase Will this make the value of BTC increase? (Read 1368 times)

legendary
Activity: 1750
Merit: 1007
If anything, it's been the price increases that have incentivized more miners to join the game.

This is correct; even the pool operators have noticed an increase in old accounts becoming active once again.

BTC Guild found quite a large number of accounts that had been inactive for over 2 months suddenly withdraw coins [and in some cases fire back up the miners].  We'll see over the next few weeks if any new blood is joining the ranks of miners, or if it's mostly people who had their cards turned off when it became unprofitable to mine in some areas.
donator
Activity: 798
Merit: 500
Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?
The difficulty follows the market price, for the most part, not the other way around.

^^ This. http://bitcoinx.com/charts/ Charts here show difficulty follows price, not determines it.
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
If anything, it's been the price increases that have incentivized more miners to join the game.

This is correct; even the pool operators have noticed an increase in old accounts becoming active once again.
legendary
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?
The difficulty follows the market price, for the most part, not the other way around.

This. Price is a function of supply (which has a constant rate of influx) and demand. Difficulty doesn't factor into that.

If anything, it's been the price increases that have incentivized more miners to join the game.
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?
The difficulty follows the market price, for the most part, not the other way around.
legendary
Activity: 1904
Merit: 1002
Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?
No
sr. member
Activity: 476
Merit: 250
The first is by definition not flawed.
Only if the additinal 7.8 percent of mining powers does not plan on selling on exchange.
member
Activity: 280
Merit: 10
Will the New difficulty: 1250758, 7.8% increase the value of BTC or make it decrease?
Jump to: