Bitcoin has super strong resistance @ 300 since bear whale and it costs about 300 to mine a bitcoin interestingly. We are at the bottom.
If we calculate different factor in this bottom price will be between 250-275$ when all is counted.
But 300 is down for at least some profit for miners.
My assumption is that bottom price would be 350$ minimum.
So that miners have at least 100$ profit any bigger is more then fine.
The "Bottom is where miners are breaking even" argument is nonsense.
If the price falls below the break-even point, some will shut down, the difficulty would drop, mining will remain profitable for the remaining ones.
Bitcoin has super strong resistance @ 300 since bear whale and it costs about 300 to mine a bitcoin interestingly. We are at the bottom.
::)Lmfao you guys crack me up when I hear this....... It doesn't cost $300 to produce a BTC the figure is actually in the double digits. Please remember they pay far from retail for the miners and other electronics they need + they always get discounts from the electricity providers. Trust me, even I get a little discount on my bill but they probably pay .10/kwh or less if they're good enough at negotiating! And that's if they live in a city like me!! If they're the biggest 24/7 electricity user in their entire county they probably pay less.
