Of course it all depends on how long Bitcoin price will stay that low. If it goes up very soon it will be all good. If it stays that low or lower for the next six months miners will run out of liquidity and shut down their operations. After all Mining is a profit oriented Business and the profit is calculated in Dollars.
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Note that the discontinuities in block reward are only one thing that could arguably trigger a "↓price↬↓mining↬↓price" spiral. Anything that changes the price of the currency could trigger the same.
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A giant mining initiative sponsored by the government of Paraguay should quell fears the current Bitcoin price lows hurt the profitability of the A giant mining initiative sponsored by the government of Paraguay should quell fears the current Bitcoin price lows hurt the profitability of the practice.
Copper jumped % in New York on Tuesday to trade at a pound (7,165 a tonne), the highest since endFebruary, as worries about supply disruptions in key producing region resurface.
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Dec 03, 2018· As I argued, once Bitcoin's price falls below its cost of mining, the incentive to mine will deteriorate, thrusting bitcoin into a death spiral. That is, without the mining activities supporting ...
3 天前· For much of the year, the bitcoin mining industry appeared to be impervious to the crypto market downturn, as the flagship cryptocurrency's hash rate continued to climb even as the BTC price halved — and then halved again. In recent weeks, however, cracks have .
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