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Why has the value of Bitcoin dropped during the same time frame? Would a decrease in hash rate create scarcity in new coins, and push up value? Or is the creati
by schappim 5y ago
Why has the value of Bitcoin dropped during the same time frame? Would a decrease in hash rate create scarcity in new coins, and push up value? Or is the creation of new coins so few that they have no impact on price anymore?
- sunshinerag 5y agoNo. Hash rate decrease does not alter coin emission (scarcity).
- thedudeabides5 5y agoWell, on the margin is makes finding a block take marginally longer (is my understanding). So over looong periods of time, it would lead to marginal differences in outstanding blocks. But with the resets in the difficulty (to target ~10min block time, again I could be wrong) every two weeks, it's not really an issue. On the other hand, it should increase the profitability of mining for those left in the game, who are X% more likely to get a block with the rest of the network down.
- schappim 5y ago>> makes finding a block take marginally longer (is my understanding) This was my general understanding, but The rest I was uncertain about, thanks for adding to my knowledge!
- SamReidHughes 5y agoThat was because of the Fed.
- bgroat 5y agoDrops in hash rate make a 51% attack easier which compromises the stability of the network