Quote from: ephelants360 on September 05, 2018, 11:18:44 PM

Quote from: dohh on September 05, 2018, 11:09:39 AM

Quote from: First77 on September 05, 2018, 11:05:19 AM

Quote from: dohh on September 05, 2018, 10:31:58 AM

Conclusion: mining is getting more and more pointless and that is happening in furious pace!

Mining cost of Gold in 500 to 600/ounce

I know, this is well-known misleading argument. Actually mining BTC is MUCH MORE ineffective.

https://digiconomist.net/bitcoin-mining-more-polluting-than-gold-mining

AND ADDITIONALLY: reward for mining gold is not dropping in exponential rate.

BTC most older mining farms have made significant profits and hopefully can sustain a period of reduced profitability.
It is expected that the new incumbents and potential new institutional entrants will push the price of BTC higher.
Even though there are no absolutes, if a miner has enough to carry the cost of running the operation,
it seems the bias would be toward maintaining a view that BTC is going to reach new record highs.

This wont be a period. This will be forever. Quite simple math.