☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 2 months agoBitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipmentfuturism.comexternal-linkmessage-square66fedilinkarrow-up190arrow-down11
arrow-up189arrow-down1external-linkBitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipmentfuturism.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 2 months agomessage-square66fedilink
minus-squarealmost1337@lemmy.ziplinkfedilinkarrow-up3·2 months 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 months 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)