With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?
There is no break-even point because at this point, bitcoin will not reach below 1000 USD since it is very famous. But if what you are saying is given the chance to happen, miners will just modify the type of coin they are mining and still the crypto market will be alive without bitcoin. Plus, they can't pull the plug since it is their investment and they will find a way to mine for bitcoins again with a profitable reward.