Post
Topic
Board Mining
Re: 6 blocks an hour my ass!
by
Departure
on 27/06/2011, 11:03:05 UTC
Explain to me the mechanism behind difficulty having an effect on price. Because I cannot come up with any explanation for it since the same amount of BTC are produced regardless of difficulty. The supply is completely independent of the expense of mining. Just because it's more expensive to mine now doesn't mean that you can get more $ for BTC...

Agreed, some people can't see this because they have spent money on hardware and they are trying to convince them self's they haven't made a mistake, So at the end of the day it wont matter what you tell these people because they will always make up excuses to why mining effects prices to get them self's through the tough times... But you have it 100% correct and that's the harsh truth....