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The difficulty is according to the amount of miners, right? So it's supposed to not matter if China shuts down their pools. And local police? Complete speculati
by andirk 10y ago
The difficulty is according to the amount of miners, right? So it's supposed to not matter if China shuts down their pools. And local police? Complete speculation, my friend.
- foepys 10y agoYou obviously don't know enough about Bitcoin to argue the way you did. If there is X hashing power and you need X/2 to control the network, then reducing X by 50% means that you only need X*0,5/2 to control the network. The difficulty is only adapted every 2010 blocks which equals around 2 weeks but if you suddenly cut the hashing power in half, this will take up to around 4 weeks and slow the network down immensely.