Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13499. (Read 26724623 times)

We've never had to endure a mining bear market. Repeated drops in difficulty would be painful.

LTC is gonna take a hit here soon.....all scrypt-pow coins IMHO....

right now ..at current LTC and pow-scrypt prices the hardware that has 90% of scrypt pow miners still mining..including LTC

is the Bitmain L3+...well, if 90% of the miners that exist for scrypt-pow are by Bitmain and they say 1/2 can't cover electric

at these prices..they all go off at the same time...the catch is eventually if it is NOT working for some (the preimer miners) and

eventually difficulty passes that make sense to mine scrypt-pow...there are NO other miners to replace...all scrypt-pow would

then centralize to bitmain and they also will have 51% of LTC network

thats the catch...no other miners to replace..then centralization ramps up big time

add to the fact of the 'supposed' bitmain miner with 3x the capacity and same watts more or less..and the usual bitmain process

of mining like hell for 4-5 months before offering it to the public..you could see a complete clean slate of equipment wiped out

with the only option (in scrypt pow) of buying dubious bitmain equipment because those 90% now L3+'s still mining would then

be kaput

would be dumb IMHO for bitmain to do that..but monoplies usually eat their young and do stupid stuff..

so expect this coming down the pike...no advantage to current L3+ owners if the conditions become ripe for all to shut off

and new equip exclusively to bitmain for the next 4-5 months would pretty much take care of that..

we will see...sold all my bitmain L3+'s and I'm out now....not gonna play their game..if such a 3x the speed unit exists

I see a hit coming in this area...can't help btc price either these kinda games

hope I am incorrect about the suspected new equip and the games above but bitmain has done this kinda thing before

2% already did, presumably, or more accurately, 2% of hashing rate retired (temporarily or permanently).
There might be another 10% in the next mo if price stays the same.

Before difficulty adjusts, time passes. If fast enough drop in hashing occurs, instead of adjusting, tx would have difficulty being mined (for a significant time period).
By the time you could use your laptop again the value would be in the single $, presumably.

each to there own. bitcoin has been good to me . it owes me nothing. thankyou bitcoin

seems like Brekken shot himself in the foot https://twitter.com/yeolddoc/status/1018590484237832192

that's really interesting. Some investors see a loss in hashrate/difficulty as signal for a true bottom.

Next difficulty adjustment will likely be a small negative one. That did not happen often in the last year (scroll down):
https://bitcoinwisdom.com/bitcoin/difficulty

Interesting.


(Hashrate trippled in the last 6 months. Astonishing.)

lol

nobody is going to stop mining

fool me once...shame on...shame on you...fool me, can't get fooled again

There’s this thing called a difficulty adjustment.  It can go up, but relevantly can also go down.  With low enough difficulty the entire network can be run with a single laptop from 2009.  

I still have a laptop from 2009.  We will be fine.

PS the miners were never intended on being a separate group from the users. Satoshi didn’t foresee ASICs.  Live and learn.

Yes we know Roger PAID PEOPLE OFF, they will be dealt with too, you all know who you are



All these bcash shills on the board and Roger supporters








Time to release all the information, no more games, (sick f$%ks playing with peoples lives) +++

I will give 5 10 bitcoin to anyone who gets Roger Ver to return all cryptsy and mtgox users coins.

Crime: Misleading the public on multiple occasions with his multiple projects advising users that they were safe and OK to use


Roger Ver the SOCIALIST

http://voluntaryist.com/tag/roger-ver-how-i-became-a-voluntaryist/

You've got it exactly backwards, bud.
If YOU will not increase the value of btc by buying more, then I (and others) would seize to support you and process your transactions.
Case closed.

So, pretty please, with a cherry on top, BUY more btc it you want it to survive.
Your cooperation is appreciated.

^^


WHICH one gotta wear tomorrow ?

?? of or on topic ?

you'd better sell them quick then . Im holding the bag and have everything to gain

All those who base price of bitcoin on pretty pictures do it at your own peril.
With current prices it would take only twofold increase in mining difficulty to make mining unprofitable almost worldwide with few exceptions.

Bitcoin cannot exist in its current state without mining.
So, pretty much two scenarios: die or price increase. Way before halving.
There could be NOTHING else.

Not so hasty there is the 10^th anniversary to coming up beforehand and in theory at least wont affect alts with the exception of the various forks.

Lets have another look at bitcoin, next issue to deal with is the WEXxing and then its all systems go

You have something better in mind while we wait for the halvening in 2020?

Make bitcoin boring again and just maybe afterwards we can return to having nice things.