Quote from: Departure on June 27, 2011, 11:03:05 AM

Quote from: talldude on June 24, 2011, 05:52:28 AM

Explain to me the mechanism behind difficulty having an effect on price. Because I cannot come up with any explanation for it since the same amount of BTC are produced regardless of difficulty. The supply is completely independent of the expense of mining. Just because it's more expensive to mine now doesn't mean that you can get more $ for BTC...

Agreed, some people can't see this because they have spent money on hardware and they are trying to convince them self's they haven't made a mistake, So at the end of the day it wont matter what you tell these people because they will always make up excuses to why mining effects prices to get them self's through the tough times... But you have it 100% correct and that's the harsh truth....

But if the same amount of daily BTC will be spread on a higher amount of mining people.. every single miner should think that their BTC worth more $ per BTC - so they won't sell, thus won't supply the market with new BTC?
Though I don't know if the impact of stockpiling new BTC is big enough on the market to influence the price.
(Sorry if that thought was already discussed, haven't read the whole topic.)

Btw.: Network total 10.001 Thash/s
Blocks/hour 6.08 / 592 s

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