Quote from: coins101 on December 30, 2015, 08:21:31 PM

Quote from: LiteCoinGuy on December 26, 2015, 11:25:17 AM

Quote from: helloeverybody on December 26, 2015, 10:19:31 AM

If the price doesnt rise then the miners stop mining because of lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening? Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

dont worry about that. mining will always be profitable for some people on earth. some miners can even mine when the price is at 50-100USD because they dont pay for electricity at all.

This.

Some of the Chinese mines don't 'pay' for electricity. They share BTC rewards with hydro electricity plants based in remote mountain locations, and who would otherwise have no customers.

this is not exactly a good thing, because it's mean that they cna mine even when bitcoin is 1$, which mean that the value does not need to grow for them, but this is mandatory for bitcoin if you want a doption

it's not about the profit for the miners, it's about the global acceptance of bitcoin, if anyone here thingk that bitcoin can enter that stage with its current ridiculous price, he must be very dense