Post
Topic
Board Bitcoin Discussion
Re: When 21 million coins have been mined.
by
pooya87
on 28/06/2015, 04:26:54 UTC
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I wish people will turn off and the difficulty will fall greatly right now that way i could make some btc to pay off my rigs and power. Right now btc ain't worth mining.
The only possible scenario for difficulty to come down is if BTC price drops to <$10 again and as the reult most miners walk away and get real jobs.

and right now, since that price range is impossible and most probably it is going to go higher, miners are going to continue mining.

Actually the difficulty has dropped several times in the past and especially from December 2014 onwards - although usually not by a lot. Looking at the chart below, it seems to have been going nearly sideways for the past four months:

http://blockchain.info/charts/difficulty
yeah, i know.
i meant that in order for the difficulty to drop a considerable amount that can let individuals with their mining rigs start mining bitcoin and the process becomes profitable, is the price to fall that low and a great number of miners turn their equipment off.