Quote from: West man on April 07, 2016, 07:30:32 PM

Quote from: bakingbad on April 07, 2016, 07:27:12 PM

Quote from: kwukduck on April 01, 2016, 02:13:10 AM

With China now owing about 75% of the mining power i think in all their greed they will destroy bitcoin.
They will never allow the protocol to change to accept larger blocks since it's not in their interest.
You don't have much time left to sell your bags.

Well China is very important for bitcon from day one, and yes,lots of miners are in china, but i don't they that they wouldn't like thing like halving, yes they will get less money but price of bitcoin will rise, so maybe they will get even more profit

Yes I would also think that the halving will destroy any profit that china miners are getting now and will deter anymore from going into mining in the future. If there is no big profit to be had then chinese are not interested in pursuing into it any further.

If (and it's a very big "if") that were to happen, then difficulty would decrease. At some point potential miners are going to note the decrease in difficulty and start mining.

This apocalyptic "all miners stop mining" nonsense is silly. We've been through one halving and this didn't happen. Why would it happen this time?