RE: RE: Bitcoin (BTC / USD) Bullish Why? - What Nobody is Telling You and you Should Know
You are viewing a single comment's thread from:

RE: Bitcoin (BTC / USD) Bullish Why? - What Nobody is Telling You and you Should Know

Words
67
Reading
1 min
Listen
Play
6y

As we see at current prices it would not allow profit to mine Bitcoin
Therefore for miners the price of Bitcoin below $ 10,000 after halving is pointless.

You forget to mention difficulty, if btc mining is not profitable anymore on price level xy some miners stopp mining, which results in a reduced difficulty, which make mining profitable again.
(After 2016 Blocks the difficulty gets calculated new).

@urdreamscometrue: As we see at | Ecency