You are viewing a single comment's thread from:RE: Do I Think Bitcoin Price Will Go Down To $1,000? + Ethereum Hardfork UpdateView the full contextkonelectric (59)in #dtube • 7 years ago Wouldn't the mines stop mining Bitcoin if it gets that low.
Some miner would stop due to the cost of the electricity, but for example the ones in Venezuela with really low cost electricity will continue operating
Just as @juanete20 mentioned, the concentration of where they are mined will shift to other countries where it's cheaper.