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RE: BTC miners are finally throwing in the towel!

in #bitcoin5 years ago

The exit of miners will reduce the supply ultimately which would lessen the fuel currently out in the market to sell so price could potentially find a balance as these economic factors stabilize. I think it is net good news despite the centralization concern...

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One might think that, but isn't bitcoin designed to produce a set number of bitcoin per day no matter the number of miners? The difficulty adjusts to produce that said number based on the number of people mining... correct?

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