I think the price of mining 1 BTC is around an average of $5000 atm anyway, so the price wasn't the point... but maybe that COULD be a good thing anyway...
BTC @ $1000 - devs softfork the code, change the difficulty range change, and boom - GPU miners are back in the game again for a while... This is crypto - anything can happen :D
I think the price of mining 1 BTC is around an average of $5000 atm anyway, so the price wasn't the point... but maybe that COULD be a good thing anyway...
BTC @ $1000 - devs softfork the code, change the difficulty range change, and boom - GPU miners are back in the game again for a while... This is crypto - anything can happen :D
Very likely correct..!
But as I said - I don't think it'll go that low...
But that is one possibility if a $1000 BTC happens - and then the experiment has either failed or needs a "reset"... :)
I have my own ideas of how low we will go, but I don't do price-calls... :)