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| ▲ | tromp 2 hours ago | parent | next [-] |
| As you can see on https://www.f2pool.com/coins other coins using SHA256 as PoW algorithm only amount to about 1% of Bitcoin's daily dollars of Pow Produced, so
if any nontrivial amount of hash moves there, then those will soon become unprofitable too. |
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| ▲ | pydry 3 hours ago | parent | prev [-] |
| They all correlate with bitcoin. Same problem probably applies. |
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| ▲ | groundzeros2015 an hour ago | parent [-] | | No. all coins do not have equal mining participation. | | |
| ▲ | eru 40 minutes ago | parent [-] | | I think the comment you replied to meant that the other coins are also dropping in price, when bitcoin drops. | | |
| ▲ | groundzeros2015 35 minutes ago | parent [-] | | Yes, but the coins with less participation require less power to compete. To make a market argument that there is an equilibrium of players across all coins, implies there are actual individuals finding opportunities and switching coins when they get out of sync. |
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