Post
Topic
Board Economics
Re: What happens if bitcoin price falls below the cost of mining it?
by
tailwate07
on 11/10/2018, 10:29:46 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/).
Lol, I’m not expecting that to happen, cause if it does happen, it will make a lot of miners to drop out and stop their mining. They wouldn’t be profiting from it and there wouldn’t be much miners left, so that might make the difficulty to increase. Although someone here said something good about it– he said it will make it possible for people to be able to mine Bitcoin with their laptops, although I don’t know if that’s true.