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/biz/ - Business & Finance

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8686151 No.8686151 [Reply] [Original]

This is the end. Expect the miners to start shutting off their rigs soon and Bitcoin to plumment to $0. Were past the profitability point for the miners.

>> No.8686174

BTC actually becomes unprofitable below 2k.

So we have plenty of room till then.

That said i'm sitting on a x25 short from 7100 and not gonna close it till at least May

>> No.8686215

>>8686174
Wrong. Its actually at 6.8k which we passed.

>> No.8686237
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8686237

Doesn’t the difficulty to mine btc go down with the price?

>> No.8686262

They don't have to sell the bitcoin on the spot

>> No.8686281

>>8686237
Indirectly, yes.

The difficulty adjusts with the frequency of blocks being mined. As miners drop out less blocks are produced and the difficulty goes down.

People here have no idea what they're talking about.

>> No.8686289

>>8686215
proofs?

>> No.8686298

>>8686281
sounds cool. How do I get in on this

>> No.8686316

>>8686289
My own calculations

>> No.8686332

>>8686298
You buy an ASIC and start mining. Without economies of scale/free electricity, however, you'll be hard pressed to make a profit.