08 Feb '13, 10pm

Internet Secret Agent @TheOurax wrote a nice article about bitcoin for those of you who are curious about it:

Internet Secret Agent @TheOurax wrote a nice article about bitcoin for those of you who are curious about it:

"The cost to mine bitcoins is based on how much they are worth. If bitcoins go up in value, more people will mine (because mining is profitable), thus difficulty will go up, thus the cost of mining will go up. The inverse happens if bitcoins go down in value. These effects balance out to cause mining to always cost an amount proportional to the value of bitcoins it produces. "

Full article: http://www.sweetassmodels.com/forum/index.php/topic,1415....

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