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RE: BTC - Hashrate makes new all-time high!

in #bitcoin6 years ago

To add to my previous comment that you replied to, without higher prices miners will have to turn off their machines. Though, once they do turn off their machines, the difficultly will adjust downwards making it easier (and cheaper) to mine bitcoin again which will drop the break even price. Though, a lower break even price will bring in more miners which will drive difficulty up. It's a very fluid situation in terms of cost of production.

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