The mining ecosystem is not homogenous e.g. chinese ppl usually pay less for electricity (< 0.03 $) then the rest of the world.
If miners drop out the difficulity decreases and it might be economical feasible for new players to enter the mining ecosystem.
Also the btc mining algorithm adjusts the difficulty relative to the network hashrate every 2016 blocks so that in average every 10 minutes a block is being created.
Only if a large proportion of miners would quit (long) before the diffuculty adjustment the btc network could see trouble.
Topic: Bitcoin miners are now losing money - page 4. (Read 680 times)
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Not much, I’d say. All the crypto market is down, so miners have no alternatives to switch to., in fact, bitcoin is steadily regaining dominance.
It would be good if someone with more experience can enlighten us, as I am sure this is not the first time it’s happened in bitcoin’s history.
It would be good if someone with more experience can enlighten us, as I am sure this is not the first time it’s happened in bitcoin’s history.
One could imagine that, because some miners will stop mining, the market will get flooded with BTC less quickly. This might increase demand because there's less supply. Who knows how all of this is gonna play out.
To be honest, I hope the entire market will show a slow upward trend again soon. This long bear move is tiring.
To be honest, I hope the entire market will show a slow upward trend again soon. This long bear move is tiring.
https://www.cnbc.com/2018/03/15/bad-news-for-bitcoin-miners-as-its-no-longer-profitable-to-create-the-cryptocurrency.html
What is this going to mean for bitcoin, if nobody wants to mine it?
What is this going to mean for bitcoin, if nobody wants to mine it?
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