Re: What happens if bitcoin price falls below the cost of mining it?

Quote from: Pintasak on March 01, 2018, 12:00:44 AM

Quote from: Bitcoinbelowmine on February 03, 2018, 03:28:52 AM

Would bitcoin be able to recover? Are we safe since 80% of bitcoin has already been mined?

I remember it happened once in 2011 (https://www.themarysue.com/price-bitcoin-falls-below-mining/amp/).

If the btc price falls below the cost of mining some miners will exit It will temporarily cause blockchains discoveries to lengthen as the existing miners striuggle

Agree once that happen price will rise again since some of the miners are gone and only few miners will sell Bitcoin to gain back the cost of electricity and rigs.