☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 4 days agoBitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipmentfuturism.comexternal-linkmessage-square67linkfedilinkarrow-up192arrow-down11cross-posted to: news@hexbear.net
arrow-up191arrow-down1external-linkBitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipmentfuturism.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 4 days agomessage-square67linkfedilinkcross-posted to: news@hexbear.net
minus-squarealmost1337@lemmy.ziplinkfedilinkarrow-up3·3 days agoiirc, it’s miners that process Bitcoin transactions, so if the miners all quit there’s no infrastructure left to allow for the exchange of Bitcoins
minus-squareSodium_nitride@lemmygrad.mllinkfedilinkarrow-up2·2 days agoYeah but the miners will not all quit all of a sudden. If many quit but there are still enough left, the remainder will enjoy higher profits since they’ll crack more blocks (iirc miners compete for blocks)
iirc, it’s miners that process Bitcoin transactions, so if the miners all quit there’s no infrastructure left to allow for the exchange of Bitcoins
Yeah but the miners will not all quit all of a sudden. If many quit but there are still enough left, the remainder will enjoy higher profits since they’ll crack more blocks (iirc miners compete for blocks)