Re: new bitcoin difficulty to 263,358,983 and future profitability of mining
The thing is, that when all those miners begin to realize, that mining is absolutely NOT profitable anymore, but in contrary creates big losses, because you always will be too late when you receive your miner, BTC will also die, because nobody is hashing anymore!!!
That's the bug in the system
That's the bug in the system
I have one word for you, just one word:
Equilibrium.
(though Buffer Overflow's is also a pretty good word)