Bitcoin Thread - 2018

Mr.Ree

Well-Known Member
Joined
Jun 13, 2016
Messages
340
#7
I heard someone saying it’ll hit $6900 - $7400 today in the afternoon and that’s bottom..
 

saturnz

Honorary Master
Joined
May 3, 2005
Messages
11,492
#9
How low can it go?
as low as it can go to process bitcoin related activity, so basically the cost of electricity, servers, real estate, labour and whatever else is required to keep these things going

once those costs can't be recovered, its not viable to process bitcoin and it would then shutdown
 

Temujin

Expert Member
Joined
Apr 18, 2015
Messages
3,271
#10
as low as it can go to process bitcoin related activity, so basically the cost of electricity, servers, real estate, labour and whatever else is required to keep these things going

once those costs can't be recovered, its not viable to process bitcoin and it would then shutdown
Not at all, diff just adjusts, if there is one person on the planet mining it'll be back to 1 core cpu mining;)
 

saturnz

Honorary Master
Joined
May 3, 2005
Messages
11,492
#16
The shutdown, it'd get so low and cheap and easy you could mine it powered by some wires plugged into a potato
mining is not the only thing required to process bitcoin activity, whats the point of mining if nobody uses it for transactionary purposes?
 
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