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17739380 No.17739380 [Reply] [Original]

How low can BTC go before it becomes unprofitable to mine and enters a death spiral?
Are we already there?
Are the Chinese mining pools starting to go offline? Hashrate is down >20% in 2 days

>> No.17739435
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17739435

>>17739380
There's no such thing as a "death spiral" fucking noob
If people stop mining the difficulty adjusts
Bitcoin is literally unkillable

>> No.17739443

You fags never learn do you

>> No.17739481

>>17739435
Doesn't the difficulty adjustment take a significant amount of time? I forget how long, but if hashrate drops too fast the network will be halted for a few days and the bottom will fall out completely

>> No.17739494

It corrects itself. But the price will go up SOON! Just believe.

>> No.17739516

>>17739435
Says the faggot who will be living on the street Because he trusted a money laundering scheme

>> No.17739581
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17739581

>>17739481
It's 1000 blocks dude
Bitcoin is never going to stop
When it hit $100 we already won. The banks are fucked. It's going to $3,000,000 in the next ten years. Get it through your fucking head

>> No.17739639

>>17739581
How's top ramen every night feel while you actively get fucked by Bitcoin

>> No.17739741

People will continue to mine it because they think it will come back up.
I for one will be buying 1 bitcoin the moment it goes below $1k

>> No.17739744
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17739744

>>17739639
Fuck off commie you will live a life of squander and poverty just like your loser leader bernie. Losing the primaries again? Faggot

>> No.17739777

>>17739435
>>17739581
>Difficulty adjusts
>Break-even for mining is now $4500
>Miners join back in, dump mined coins until not profitable
>Price now below $4500
>Miners leave

>Difficulty adjusts
>Break-even for mining is now $3000

Where is the floor? D:

>> No.17739834
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17739834

>>17739777
200 weekly moving average
just like it was in 2010
and 2015
and 2019

>> No.17740589

>>17739744
>Implying that I am a commie and vote for Bernie. Nigger I just understand that crypto is fundamentally flawed since it has no actual value backing it and is most likely a money laundering scheme