Post
Topic
Board Economics
Topic OP
What happens to mining if the price of Bitcoin tanks?
by
IamCANADIAN013
on 28/01/2014, 06:54:43 UTC
Hey all,

I've been wondering this since I started to get into it.  What happens if the price of Bitcoin tanks?  We see these huge companies sink tonnes of money into mining farms.  If the price tanks, do they continue to mine at a huge loss or just shut them down?  Would the difficulty ever go back down to try to boost the price?

Sorry if this has been answered elsewhere.