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QuarkJets posted:In practice, if you hear about someone "mining bitcoins" then they're probably bad with money (mining hardware tends to have a negative ROI) or stealing electricity or both Don't forget about the mining viruses. Why use your own resources when you can infect hundreds of computers and have them do the mining for you. QuarkJets posted:If the Chinese government decides to crack down on that poo poo for whatever reason then we'll probably see a situation where mining difficulty is too high for the remainder of miners, the so called Frisbee On the Roof. At that point transactions basically won't ever be verified. The difficulty will go down if it takes too long to mine. If the Chinese Miners just up and stopped one day the rest of the miners would eventually finish the set of blocks. At which point the difficulty will fall off a cliff and the remaining 2-3 miners will be rolling in butts until the difficulty scales back up to compensate.
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Jan 29, 2016 00:02
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XYZ posted:So does this mean mining easier or what i dont get buttcoin It doubles the block size limit; enabling the bitcoin nodes to process more transactions at a time.
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Feb 12, 2016 20:49
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