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/biz/ - Business & Finance

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12853481 No.12853481 [Reply] [Original]

New theory predicts further lows in 2019. At those prices even mining in China will not be profitable. Bitcoin is doomed.

>> No.12853486

>>12853481
Hopefully, will be easier for other crypto to flip then crypto itself can decentralize.

>> No.12853493

>>12853481
Your idea is big retarded

>> No.12853495

>>12853481
>mining becomes unprofitable
>miners go offline
>difficulty decreases to keep block time at 10 minutes
>mining becomes profitable again
>"BITCOIN IS DOOMED!!!!"
based retard

>> No.12853496
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12853496

>>12853481
haha time to buy when that happens. You tards really think bitcoin and eth are just gonna "go away" after billions of dollars by millions of people have invested. Where big warehouses have been built just to run massive racks of computers to mine the blockchain. ha

>> No.12853498

>>12853481
Wouldn’t miners just pump their bags?

>> No.12853580

>>12853481
The mining difficulty adjusts every 2016 blocks, or 2 weeks, based on the hashrate, retard
There is no such "mining won't be profitable"