Post
Topic
Board Economics
Re: Poor wittle miners taking their ball and going home
by
oceancucumber
on 15/01/2015, 17:29:15 UTC
Am I the only one who doesn't get how miners think they have to shut things down the moment Bitcoin becomes unprofitable? Do gold miners quit mining because they haven't found gold in a few weeks and are not making much money?

What is the point to mining but to speculate, if I dropped out of crypto everytime I made a loss then the market would go nowhere. This is capitalism, nothing in life is certain and handed to you on a silver platter. Write it off on your taxes and hold your coins and hope for next month to make up your losses and then osme.

Asic manufacture has much lower cost than average miners. But I doubt they can continue production any longer if price stay this low.

It won't, I think price will rise again.  BitCoin isn't going away.