Quote from: coinvestor on July 09, 2011, 08:11:24 PM

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difficulty will only increase

False...I expect it will go down in the next couple of days

Where would you get that idea? http://bitcoinwatch.com/ shows that the next change in difficulty in about 10 days will be a modest increase. As long as the ac and electricity costs don't yield a negative return, I doubt that many miners will go offline.

And if difficulty did decrease temporarily, it would just encourage retired miners back into the market... Any drop would reverse pretty quickly.