Mining Bitcoin becomes unprofitable at current prices.

[guest_trader_1]

Source: https://www.cryptocompare.com/minin...sumption=1500&CostPerkWh=0.12&MiningPoolFee=1

 

[terr]

Which means that some miners will shut down. Which means that the next difficulty adjustment will make the difficulty lower. Which means that mining will become profitable (barely) again. Rinse and repeat. The system is self-adjusting.

 

[guest_trader_1]

That is the profit per month, but you to include the mining rig cost for someone to start mining again. I doubt it will become barely profitable anytime soon.

 

[ET180]

And happens when they lower the difficulty? Isn't that directly related to the cryptographic security of the block chain?

 

[JackMorgan]

All those public stonk that mine should never have been listed. Scam.

 

[JackMorgan]

That is the profit per month, but you to include the mining rig cost for someone to start mining again. I doubt it will become barely profitable anytime soon.

lots of Video cards will be available for 19.99

 

[guest_trader_1]

All those public stonk that mine should never have been listed. Scam.

The amount of garbage that you guys get to watch in the US on TV is amazing.

 

[JackMorgan]

The amount of garbage that you guys get to watch in the US on TV is amazing.

pretty sure thats south african tv . sorry buddy

 

[guest_trader_1]

pretty sure thats south african tv . sorry buddy

Ah they have copied your style. Oh no!

 

[Scataphagos]

lots of Video cards will be available for 19.99

When earlier BTC dropped enough, there were pics of huge piles of scrapped computers. Then when the price rebounded, miners had to buy the equipment all over again.