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Bitcoin price crash forces miners off network

79 点作者 sanefive大约 5 年前

9 条评论

exabrial大约 5 年前
Thank goodness. This waste of electricity and natural resources needs to go away.
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Melting_Harps大约 5 年前
If this is true, which I welcome because Chinese miner centralization has been a massive worry for us since about 2012, that still has yielded they highest hash rate (the computing power dedicated to mining Bitcoin) in the History of BTC:<p><a href="https:&#x2F;&#x2F;bitinfocharts.com&#x2F;comparison&#x2F;bitcoin-hashrate.html" rel="nofollow">https:&#x2F;&#x2F;bitinfocharts.com&#x2F;comparison&#x2F;bitcoin-hashrate.html</a><p>Its easy to skew this if you don&#x27;t understand the underlying tech, but Bitcoin continues to work despite a supposed exodus of miners (best example being the last fork with BCash), what secures the network are the nodes, not miners. They&#x27;re just participants who are rewarded for appropriating the network with hashing power.<p>As for the price dip, well I welcome anyone to buy $100 of BTC and hold onto a $100 and see which is more valuable now that the Federal Reserve has dropped Interest rates to 0%, and is issuing a $700 Billion QE program:<p><a href="https:&#x2F;&#x2F;www.cnbc.com&#x2F;2020&#x2F;03&#x2F;15&#x2F;federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html" rel="nofollow">https:&#x2F;&#x2F;www.cnbc.com&#x2F;2020&#x2F;03&#x2F;15&#x2F;federal-reserve-cuts-rates-t...</a><p>&gt; They should never be there anyway, Bitcoin is a waste of time.<p>Personally, this couldn&#x27;t have come at a worst time for me as I stepped down from my day job to undergo my SpaceX interview(s), I&#x27;ve turned down some gig&#x2F;jobs in the last month too, but I&#x27;m glad that I have BTC as a cushion with some cash on hand.
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aeturnum大约 5 年前
Curious about the network&#x27;s capacity to respond to a downward trend in hash power (which doesn&#x27;t seem inevitable, but possible).<p>Does the difficulty factor of new blocks get dropped in response to losing hash power? Is the fee &#x2F; mining reward balance predictable? Does the network become non-functional for xfers below a certain value at some point?
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Animats大约 5 年前
Bitcoin is volatile. No surprise there.
atleta大约 5 年前
Last week a FB friend discusses with his connections the winning investment strategy wrt the virus. They agreed that BTC (besides gold) is a safe heaven. It was @ $8k back then (now it&#x27;s $5k).
pontifier大约 5 年前
In my opinion, for-profit bitcoin mining is detrimental to the ecosystem. Prices should fall to unprofitable levels,so network hash power is more distributed among smaller groups.
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timcc50大约 5 年前
They should never be there anyway, Bitcoin is a waste of time.
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Traster大约 5 年前
I think it&#x27;s time that the government started to consider stepping in a providing support to these out of work ASICs.
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naskwo大约 5 年前
Given the run on toilet paper, a better black swan hedge seems to be Shitcoin!