Quote from: JayJuanGee on July 06, 2018, 09:02:42 PM

Quote from: mike4001 on July 06, 2018, 08:41:31 PM

Bitcoin difficulty is again expected to rise by 12% in about a week. - https://fork.lol/pow/retarget

Are miners still making profit?

The break even point must almost be exceeded ...

What are you trying to say, exactly?

I understand that I should not be egging on a beartard (PM pumper) to explain, but perhaps there is an outside chance that you have something substantially meaningful to say?

By the way, you understand that mining profitability remains considerably variable, and there is considerable speculation in mining too, so some miners are going to be ready, willing and able to operate at a loss for a considerable amount of time.. in other words there time horizons regarding profitability can be quite drug out.

Furthermore, you understand that there can be gamesmanship with mining too, especially if there could be opportunities that the directing of mining can be used as a means to pump the bcash attack vector, and the calculations regarding timing of attacks might be short windows and momentum based, too.

What I am trying to say is that miners will not mine unless they are profitable.

So either they will switch off some miners so the hashrate goes down (which I see as unlikely)

Or the price will follow the increasing hashrate (e.g. miners stop selling their BTC for a period of time to reduce BTC supply on the market) which should result in a higher BTC price.

I just find it an interesting topic :-)

mike4001

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