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RE: Bitcoin Network is Using your whole Country's power !!!!
Wow! Bitcoin is consuming so much power. I wonder if the price of Bitcoin will always remain higher then the price of electricity it consumed to be created?
Well if the price falls below the profit level you will see miners bail out after a while, which should reduce the competition and difficulty, and then it will get easier to mine again, which should return it to profit. Its self correcting but some miners may go out of business in the process.