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RE: 3 Reasons Bitcoin Prices May Be Nearing A Bottom
Plus it costs 6k to mine a bitcoin, miners will start losing money below 6k
Plus it costs 6k to mine a bitcoin, miners will start losing money below 6k
And it depends on what part of the world you live in... some places are still much cheaper than $6k, while others are significantly more expensive.
I read contradicting replies about whether the mining difficulty adjusts downwards or only upwards.
You seem to assume monotony.
You may be correct.
IDNK.
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Miners will keep mining for a “loss” for some time as they have a sunk cost in mining hardware and data centres
That is a very good point. If you spent millions setting up the mining farm, you can't stop just because you are currently underwater.
sure, if they stop mining the net collpase and btc will die.. So investors move to another fast trqansaction coins...