Quote from: Amph on January 12, 2016, 08:21:22 AM

Quote from: Local Heads on January 11, 2016, 08:58:24 PM

Quote from: pissedoff on January 10, 2016, 09:29:03 PM

Quote from: kwukduck on January 10, 2016, 08:04:54 PM

Quote from: pissedoff on January 10, 2016, 07:42:46 PM

Quote from: kwukduck on January 10, 2016, 07:40:24 PM

I'm predicting 380 at the day of halving after a few day run up from the high 200-low 300 range.
In the days after we risk falling down to around 120 because of all the disappointment and panic caused by that.
Price should have doubled too! Angry! Sell! Stoopid bitcoonz

If the price reduce on the block halving miners will not be able to pay the bills and most of them will turn off their machines.

Yep, causing a slow collapse of the entire network...
Confirmations will take forever and the network security will plummet. People will lose trust in the system and sell even more, and the spiral continues down.

Yeah it will cause the entire bitcoin network to collapse if the miners quit when the difficulty is high.

I'm pretty sure people don't just turn off their equipment the exact moment the profits pity becomes 0. Many know that bitcoin is volital and will mine at a lose expecting a price rebound.

Even if half of all miners turned off at the same time it would make little difference, and a huge number of people would pool gpus if it actually became a problem for more than a hour or 2.

lol gpu, there is no way gpu will enter in play ever, the diff is 100B, the diff need to be 10M-100M for a gpu to be worth it, i was mining with my gpu at that range

there is a whole 3 order of magnitude, basically you need far less than 1 peta, not gonna happen when 1 single farm can reach 70 peta already...

I understand it's not worth it, I'm saying that some people don't care about the few dollars it costs to add hashing power to something they care about. I think if a few botnets and 1,000 or so people all did it just to help secure the network for the 2 weeks