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10077756 No.10077756 [Reply] [Original]

Miners will soon start shutting down in energy-expensive locations. This is what will trigger capitulation - the realization that BTC is not merely losing its value but actually dying off as a concept entirely. You've been warned.

>> No.10077773

>>10077756
>Bears are reaching peak euphoria
Finally a reversal is coming.

>> No.10077778
File: 806 KB, 2048x1365, 4F4BDB0E-628C-451C-A1EB-CF538078F483.jpg [View same] [iqdb] [saucenao] [google]
10077778

>>10077756
It will happen!

>> No.10077794

>>10077756
Sad to say that I agree with this.
If we breach 5800, we're fucked.

>> No.10078034

>>10077756
That would actually cause the price of btc to go up brainlet.

>> No.10078070

SOME miners will shut down. The difficulty will adjust to a lower level. This means there will be fewer miners.

>> No.10078092

most will just switch over to the better bitcoin cash soon

>> No.10078132

>>10078070

yah but difficulty retargeting only happens every 2 weeks I believe.

>> No.10078148

>>10078070
>>10078132
Yes mining costs will decrease. But the knowledge that the network is actually slowly going offline will be the catalyst for a runaway dump.

>> No.10078174

>>10078132

If miners all drop the coin it will never hit target readjustment. This is pretty bad. But if the drop off is slow it shouldn't be too bad

>> No.10078414

>>10078092
>asicboost(tm)

>> No.10078424

>people will abandon a huge operation because they can't work at a minor loss for 2 weeks
>can't just hold a bit till the market recovers.

>> No.10078435

>>10078424
>Market recovers
kek

>> No.10078446
File: 8 KB, 250x250, 1529383197188s.jpg [View same] [iqdb] [saucenao] [google]
10078446

If BTC difficulty drops it will be much easier for us miners to acquire BTC....oh fun...fun...fun

>> No.10078492

>>10078034
Right, classic sell the rumour, buy the news.
Miner capitulation will only happen after BTC crashes to sub 3k, then it'll be a reversal sign.

>> No.10078507
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10078507

GPUs

>> No.10078522

>>10077756
that pic is unrealistic... i mean wouldn't their fur catch on fire? they need some protection over their back.

>>10077778
so close to an epically suited get

checking
>>10077777

>> No.10078538

Thanks to EDA mining BCH will always be profitable :)

>> No.10078571

>>10078538

This is how BCH will win in the end

>> No.10078572

>>10077756
Implying miners don’t have the ability to simply hold onto their BTC stashes reducing sell pressure

>being this fucking retarded

>> No.10078580

Daily reminder the biggest operations today are only where they are because they slogged through 2014 and 2015 mining at a loss

>> No.10078581

>>10077756


Truth. Nobody gives a shit about bitcoin anymore.

>> No.10078610

>>10077756
Mining is dead as a concept. Proof of stake and related consensus mechanisms are the future.

>> No.10078698
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10078698

>>10078610

>> No.10078728

>>10078610
Found the newfag.
Why do you newfags love securities? PoW coins keep out of the jurisdiction of the SEC. The worst part is you probably will argue with me over this simple fact.