Quote from: DannyHamilton on December 09, 2014, 04:54:59 PM

Quote from: theseraphgabriel on December 09, 2014, 03:14:42 PM

I just have a funny feeling that if bitcoin's price keeps falling and difficultly keeps rising that alot of miners including myself will stop mining and goto alt coins instead. The difficulty did drop recently but the price of Mining vs the cost of electricity to some that don't have it free will cause negative profits. I know I will get some hate posts or just be ignored, but I can just fell it coming. Also think this is caused by alot of businesses mining that have hug amounts of mining power. And no I don't do the solo thing I use p2pool but that's not the point.

Yes. This is what bitcoin is designed to do. It is exactly how bitcoin was intended to work:

Quote from: satoshi on July 14, 2010, 09:10:52 PM

- snip -
I anticipate there will never be more than 100K nodes, probably less. It will reach an equilibrium where it's not worth it for more nodes to join in. The rest will be lightweight clients, which could be millions.

At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN.

Quote from: satoshi on May 18, 2010, 08:06:46 PM

- snip -
If the network becomes very large, like over 100,000 nodes, this is what we'll use to allow common users to do transactions without being full blown nodes. At that stage, most users should start running client-only software and only the specialist server farms keep running full network nodes, kind of like how the usenet network has consolidated.
- snip -

Quote from: satoshi on July 29, 2010, 02:00:38 AM

The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
- snip -

This is the kind of post that would get tips in the old days. Got @ChangeTip Danny?