Post
Topic
Board Mining speculation
Re: Would it still be profitable if bitcoin goes down to $1 a bitcoin?
by
envy2010
on 15/05/2014, 19:54:50 UTC
The 2048 blocks still have to be solved at high difficulty before a readjustment, regardless of how many miners turn off their rigs. If enough miners shut down due to lack of fiat income, the readjustment could go from weeks to months to years as the block times get longer and longer (and confirmation times also get VERY long, essentially killing the coin).