Quote from: LordSonjai on March 01, 2015, 06:33:14 PM

Quote from: seriouscoin on March 01, 2015, 05:09:27 PM

Quote from: cyberpinoy on March 01, 2015, 03:54:32 PM

Quote from: dothebeats on February 28, 2015, 08:07:30 PM

Hmm. Seems like the network is really stressed. Too much transactions "clogged"?

Its because you are loosing miners left and right. No miners means no transactions processed, at a difficulty of over 46 billion, and a value of only 200 to 230 bucks, its just not profitable to mine bitcoin. All your small miners you guys think are worthless are now mining other coins and flipping them for bigger profits, all the big mining compuonds are bogged down with huge difficulties. This is because the big compounds have no idea what they are doing as far as securing the network, all they care about is making X amount of dollars for solving X amount of blocks so they can pay the electric and have enough left over to fuel their yacht.

The small miners are needed a lot more than this community would liek to give them credit for actually, at this point with sometimes 2 hour confirms on bitcoin transaction the bottom line is, you need more computing power, and its just not worth it to mine Bitcoins right now.

Why did you open your mouth to tell the world you're dumb as fuck?

just curious....

for a hero member you sure are belligerent.

For a full member you don't seem understand how the forum works very well.

Rank means nothing, it's just how long you've been around and how much you participate on the forum.

Everyone has their own opinion, and so if you would try to not be an asshole that'd be great.

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Related to the actual issue at hand, where would the clogging of the network stem/originate from, assuming it is a clog (However unlikely)?

And the statement of losing miners may be true for small groups of people. There are still large corporations (Such as cex.io) that still have plenty of mining power behind them, but that isn't even necessary.

THE DIFFICULTY WILL NOT INCREASE AS RAPIDLY WITH FEWER MINERS. This part of the Bitcoin protocol is very useful for scenarios such as this.

I'm not sure if I'm saying the correct things here, so feel free to correct me. It's been a little while since I was really active on this forum, so I'm not sure what has changed.