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/biz/ - Business & Finance

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10008797 No.10008797 [Reply] [Original]

So, when do the miners start shutting down?

>> No.10008847

>>10008797
I just got started.

>> No.10008885

>>10008797
It's already happening unironically, you just can't measure it yet

>> No.10008892

Ah now that would cause real capitulation if network shutting down fud spread

>> No.10009311

if it's not profitable to mine then miners shut down. if they shut down there's now blockchain. no blockchain no bitcoin

>> No.10009334

Bears are getting too far, salting down the market is fucking retarded.

>> No.10009398

Miners will continue to mine. They just won't sell in this market.

>> No.10009483
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10009483

>>10008797
They don't shutdown. Look, don't listen to the dickhead poserbears. They aren't even bears in the market sense cause they don't trade. They are late teens and 20yo who get off in thinking they are upsetting you. It's gay and boring. An 800m mining facility is just now being setup in NE NY.. do you think they might have done a touch more market research that your average biz bear? Bitcoin isn't going anywhere... Just start patrolling bear threads with FUCK OFF over and over.

>> No.10009495

All those burgers are out already.
Chinks are mining at $3-4k

>> No.10009504
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10009504

>>10008797
>So, when do the miners start shutting down?
they're gonna hard freeze the BTC chain and switch to Bitcoin CASH

>> No.10009508

>>10009504

Based

>> No.10009521
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10009521

>>10009504
Bitcoin Cash will destroy Bitcoin.

>> No.10009537
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10009537

>>10009504
Bitmain is going to crush its opponents before the flippening.

>> No.10009566

>>10009504
If bch had 20% of bitcoin's mining power, they would mine at a loss.
Or are you saying that price follows hashrate?

>> No.10009567
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10009567

>>10008797

>> No.10009573
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10009573

we have to remember that at the start of 2017 1 BTC was worth 1000 USD

not only has the price been in a bubble but the hashrate as well:
https://bitinfocharts.com/comparison/bitcoin-hashrate.html

from 2.4 Ehashes to 40 at one point. the amount of miners has been heavily inflated as well

>sidenote: this time last year BCH was worth 0
>this might be the reset that crowns the new king