Monday 20 June 2022

Genuine question: what happens to Bitcoin if mining become unprofitable due to long periods of low price?

I have seen this question asked here and there but have never seen a good answer.

Recently I read articles (is it FUD ?) saying that with Bitcoin under $20,000 miners lose money.

I’m sure they can have a couple of negative weeks or months but what would happen if Bitcoin goes to $10,000 or lower and stays there for months or years until the next halving that would make it even more difficult for miners.

As of now the hash rate seems to be unaffected but I can’t imagine miner running at at lose.



Submitted June 20, 2022 at 12:37PM by wiptheman https://bit.ly/3mYtLCp

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