Post
Topic
Board Economics
Re: What happens if bitcoin price falls below the cost of mining it?
by
Friskaadew
on 08/10/2018, 15:51:09 UTC
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/).

this is my question so far, maybe in my opinion people will really leave BTC because of what we know to mine BTC we really need very large electricity, and of course our electricity bill will be very expensive, and not to mention operational and maintenance costs in the event of damage, but to date mining btc is still profitable and profitable so I think for now it is still safe