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?
I think the time that bitcoin will never ever be profitable by mining is when the bill prices will exceed its natural point which you are just wasting your money and time due to that you are spending more on your electricity than earning. Breakpoint has many possibilities and you can think any possibility, pulling your plug will not do anything because bitcoin will still be running and many people are still going to try mine even tho the price is really really low. So don't expect BTC will dead, BTC is not based on how many people are mining its about how people invest with bitcoin.