Even if Bitcoin is below 6000 dollars, 5000, more than 4000, I will hold it for a long time. Bitcoin has a great future and it is highly advantageous compared to any other investment. I'm trying to recover my current status and try to buy some bitcoin too.
Topic: What happens when the price of Bitcoin falls below the cost of mining? - page 3. (Read 16845 times)
August 18, 2018, 06:16:40 AM
August 18, 2018, 05:03:37 AM
Mining is good source of profit but if mining cost is higher than coin price miner will not get their desired profit. Since this market is so much unstable so we should analyse the market and its present price for our safety.
August 18, 2018, 03:54:57 AM
mining bitcoin at any price ithink it's not a big deal. you have deal according to market situation. ups and down is natural process. you have to wait for the right time.
August 18, 2018, 03:37:26 AM
i agree with you.i think $3500 is the perfect for mining. i think when anyone mining bitcoin they should think for long time investment. if anyone hold it for long time then he will get profited.
August 17, 2018, 05:50:47 PM
If this happens, it will be a very bad image on crypto generally and might discourage people to enter into bitcoin, and also most miners will feel so discouraged, infact i wouldn't wish for the situation to degenerate to that extent
August 17, 2018, 05:21:25 PM
Bitcoin mining cost is always changing. It depends on number of miners or hashrate. It means difficulty is always changing. So if bitcoin price decrease to 5000 dollar, the mining cost will decrease too.
August 17, 2018, 04:38:21 PM
if bitcoin price fall down than you should wait for increasing price. bitcoin price should forward immediately. it turn quickly because it is more demandable in crypto market. people increasing their investment when price are go down.
August 17, 2018, 04:04:51 PM
it is very bad news but it will recover and bitcoin turn again. bitcoin price will forward it may be $8000 or $10000 in the end of year. you have to wait for increasing price don't be frustrated. it will do something good. because bitcoin are more secure and potential. it is made by advance technology.
August 17, 2018, 03:23:42 PM
If this really happens then it will be bad news. Buy Bitcoin still has the power to do something good in the market. The price may have dropped a bit, but it did not end. It will turn and the price will be very fast. It exceeds $8000 by the end of the year.
August 17, 2018, 03:05:09 PM
I understand that the users gets very worried about the market cause this place is very unpredictable but if you can cope with the condition and be supportive for the market then this kinds of situation will be easy for you
August 17, 2018, 12:28:50 PM
Bitcoin is down now but it will dominate again like last year. Undoubtedly bitcoin is the leading currency in the world. According to the chart it seems that bitcoin will rise once again and we will happy for it.
August 17, 2018, 12:28:15 PM
I believe that the mining cost goes majorly with the activities that goes on in the blockchain and at that if the price of bitcoin in the market goes down I believe the mining farm will also run on a less cost except for electricity supply.
August 17, 2018, 12:13:09 PM
I don’t think that this market cycle will be the same in the next year also. Because there are ups and downs in the crypto market. So, the cycle will be changed also with the coin’s value.
August 17, 2018, 12:04:01 PM
There is no guarantee which cryptocurrency’s price will be increased or decreased. Recently the price of bitcoin was high. But it can be changed at any time again.
August 17, 2018, 06:03:53 AM
You have ignored what so far has been mined is still there in the market. BTC will find its way even if the price hits $1000 or less. I don't think it will ever happen and price will rise day by day.
August 17, 2018, 05:21:45 AM
Honestly i think mining will continue. Lot's of big farmers are already in total profit, and lots of them without any or almost with any electricity costs. It would be needed BTC to make a huge drop, probably to bellow 100 bucks or something, and even that...
Now there are several possibilities, since btc still is the strongest coin and leads the fluctuations of other coins, if all the other coins drops 2 and any of them takes the lead to become the primary trading pair, ppl would still continue to mine btc. If any other takes the lead, even there ppl wold continue mining as it will take a long path for btc to stop being one of the strongest coins.
Now there are several possibilities, since btc still is the strongest coin and leads the fluctuations of other coins, if all the other coins drops 2 and any of them takes the lead to become the primary trading pair, ppl would still continue to mine btc. If any other takes the lead, even there ppl wold continue mining as it will take a long path for btc to stop being one of the strongest coins.
August 17, 2018, 05:14:22 AM
If the value of the bitcoin falls deeper than their value, the diggers will no longer worry about upgrading the mining machines. By then, Bitcoin may be up again, as the user demand is larger than the supply.
August 16, 2018, 06:35:38 PM
This price is quite low for bitcoin. Bitcoin is having positive feedbacks from all around the world. So i think bitcoin will have good time in upcoming day. I am waiting now for the bullish market to come.
August 16, 2018, 06:24:00 PM
But, the vitality of Bitcoin is maintained by the continuous mining of Bitcoin. On an average these mining costs are USD 3000 to 3500 approximately. So, what happens when Bitcoin falls to that level?
nonsense. if anything the cost of mining is about $6000 which has been calculated by silly speculators. but in reality cost of mining will always remain near bitcoin's current price because that is how mining and difficulty works.
if price goes up there will be more miners, more hashrate, higher difficulty, less profit, "higher cost of mining". and if price go es down it will be the opposite.
that's why these theories about mining cost are so silly. if difficulty goes up too fast, the more marginal miners will only mine at a loss for so long before shutting down. then difficulty adjusts downwards. it doesn't matter what it costs to mine BTC, because it can always cost less (or more).
if a miner is mining at a loss, why wouldn't they shut down? they can buy BTC instead wasting money on electricity, if they're so bullish.
August 16, 2018, 06:08:37 PM
It will going to be a disaster then. I think majority of people will leave the bitcoin market if this happens. But from my opinion it doesn't seems to be happened. Let's hope for the best for bitcoin.
Jump to: