This low price of BTC is sucking. I need 25 blocks per month at this price to equal my electric bill.
Tis the nature of the beast. Trade volume needs to increase before this consolidation period will break. We may see it go much
lower before an initial push upward. At that point, older hardware is most definitely obsolete without almost free electricity, and
many people paying ~0.10kwh will be mining at a loss, to hodl their rewards.
NOTE: This is not the first time in the history
of Bitcoin miners have been in this situation. Also, last year at this time Bitcoin price was at ~$2,400usd and dropping enough
that people were jumping ship.
Happen to know what the relative difficulty was this time last year? e.g. 1/3rd of what it is today? I'm just curious what the difficulty-adjusted price was this time last year vs. today.