I crunched some numbers on the profit of GTX 1070, 1070ti and 1080 average hash rate at a price of $0.093 watt.
At each graphics cards average hash rate given the possibility of BTC dropping to $1000, the GTX 1080 and 1080ti are the only cards that will turn a profit at .093 cents per watt. They will return about $0.11 profit after the cost $0.29 to run.
A GTX 1080 cost $550+ that doesnt include the other hardware needed to run the GPU. That means it will take over 5000 days to get your ROI, return on investment.
TLDR: My hypothesis based on this observation is, if BTC drops below $1000 threshold Alt coin mining will become nothing more than a hobby and most Alt coin markets will die. Leaving mostly Proof of Stake Alt coins. These are interesting times.
This will not be possible. We will never see the price bitcoin is $1000 again and I'm sure I'll buy it when the price of bitcoin under $5000
Besides, Altcoin coin markets will never die. altcoin market very potential. There are many real projects and so much so new technologies really good
although Bitcoin has great influence altcoins but cryto currency is the currency of the future. Bitcoin is just the beginning