Topic: What happens when the price of Bitcoin falls below the cost of mining? - page 5. (Read 16845 times)
August 14, 2018, 12:35:51 PM
I believe nothing will happen to mining. I have seen people mining BTC when it was being sold in the market for 1,000$ only and I don't think it will ever fall to that level ever again. The thing with mining is the startup cost is quite high but eventually you'll start making profit if the electricity bill doesn't surpass the market price.
August 14, 2018, 12:33:26 PM
Nothing much to be honest. As long as the hash rates are up, then even if the price falls to a negative value, this coin will still have a value in the market.
August 14, 2018, 12:25:08 PM
I don't think that the price of Bitcoin will ever fall below the cost of Bitcoin mining. But even if that happens, I don't think the miners will stop mining Bitcoin. This is because the cryptocurrency market is always unstable and the price may start pricing at any moment.
August 14, 2018, 12:24:49 PM
Hashing power depends on the number of active miners and directly affects the Bitcoin difficulty meaning that the more people give up mining the less difficulty it will be for the rest. So if a lot of current miners decide to stop mining due to unprofitability the hashing power will decrease and in turn lower the mining costs. I think this equilibrium prevents Bitcoin from becoming permanently unprofitable to mine in case of unforeseen extreme circumstances that can destroy the market.
August 14, 2018, 12:10:53 PM
If bitcoin prices fall deeply. I do not think anyone else is going to exploit bitcoin anymore. The cost of mining is too high.
August 14, 2018, 11:54:38 AM
According to the expert reports and my own realization, mining will eventually pay off and give profit if you don't stop it out of frustration. Another thing we need to consider is that, not all the countries have the same electricity billing system and some miners might take advantage of that and keep continue to mine even when the price falls below the profit range.
August 14, 2018, 10:30:31 AM
I think just the opposite. BTC will be continued mining though the price becomes low. I don't think the market volatility can go so that far that it becomes unbearable for miners to bear the cost. If it becomes lower than $3500, the miners will continue mining, as they know the price will grow up.
August 14, 2018, 08:43:55 AM
I don't really agree to it. The cryptocurrency market is always unstable and I believe that the dump is temporary. Soon the price of Bitcoin will start rising again. The miners will not suffer loss because Bitcoin can never go out of the trend.
August 14, 2018, 08:31:48 AM
Actually it won't be dying and if this hash rates up there will be no problem because the miners will be mine and this value will be remaining same in the market.
August 14, 2018, 08:19:43 AM
BTC mining is wellknown for earning BTC in a safe way. It’s help to being BTC transection fee less. But if BTC continuously going down then it will felt very bad effects on BTC mining.
August 14, 2018, 07:12:50 AM
The best option is to stop mining for now. When the price of Bitcoin rises again, we will have thousands of miners waiting for this moment. And if you are a miner and have working capital to mine at a loss, and you believe that Bitcoin will return to highs in the future, then mining can now be a good long-term investment. It is an expense that will be rewarded in the future.
August 14, 2018, 06:50:30 AM
this is not possible! if the price falls below $ 5,000, then production will not be relevant! miners will not want to lower their cost! on this in the near future we will see the turn of the crypto market!
August 14, 2018, 06:33:55 AM
This value will be remain same until the hash rates are up based on this if the price fall also their value will be same like before. So it won't be dying
August 14, 2018, 06:20:38 AM
From my perspective nothing will be happened until the Hash rates are up but if price fall negatively nothing will be happen their value will be same.
August 14, 2018, 02:49:19 AM
You'll probably loss your capital as a miner, but fear not just keep on mining... There will be a time that Bitcoin would be seek by many people so the price will increase crazily...
August 14, 2018, 02:46:23 AM
I think people will still keep on mining. Since the beginning it had always at some point cost more money to mine btc. Smart people mine even if it is for a loss, because they know at some point their investment will pay off and it will be 4 or 100x's more than what it costs now 
But honestly with all the attention crypto has garnered in the last year and a half btc falling that low would cause a lot of panic in todays market I'm not quite sure exactly what will happen. But I do know that mining won't stop completely but maybe a lot of people will drop out of the pools.... maybe
But honestly with all the attention crypto has garnered in the last year and a half btc falling that low would cause a lot of panic in todays market I'm not quite sure exactly what will happen. But I do know that mining won't stop completely but maybe a lot of people will drop out of the pools.... maybe
August 14, 2018, 02:45:40 AM
It does not affect the miners, knowingly that these miners are came from a big company. because they know If the price go down there are some possibility that it might pump again. so there's nothing wrong with that.
August 14, 2018, 02:41:25 AM
Google gives me this result about BItcoin Price falling below mining cost
https://www.streetwisereports.com/article/2018/02/05/what-happens-when-bitcon-goes-below-the-cost-of-production.html
https://www.streetwisereports.com/article/2018/02/05/what-happens-when-bitcon-goes-below-the-cost-of-production.html
August 14, 2018, 01:29:35 AM
Unfortunately, that will be the end of transactions if minors stop mining because of the reason. Miners tend to be moody these days and they are getting less profit. There are holders who mine and keep it until the price increases. Hopefully they will continue to do so.
August 14, 2018, 01:26:32 AM
Miners are often doing it due to future speculative prices so they will be hodlers instead. Without miners dumping the price will flatline and eventually rise again so it will never go down to zero
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