Quote from: mestar on January 29, 2014, 01:57:39 PM

Quote from: IamCANADIAN013 on January 28, 2014, 06:54:43 AM

Hey all,

I've been wondering this since I started to get into it. What happens if the price of Bitcoin tanks? We see these huge companies sink tonnes of money into mining farms. If the price tanks, do they continue to mine at a huge loss or just shut them down? Would the difficulty ever go back down to try to boost the price?

Why would a lower difficulty boots the price?

I figure lower difficulty would boost the economy of it because more people would be inclined to minethat otherwise wouldn't with a higher difficulty. Kinda like how lowering interest rates boosts economic growth now.