RE: This is all it would take for bitcoin to become a useless cryptocurrency

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This is all it would take for bitcoin to become a useless cryptocurrency

in bitcoin •  7 years ago 

if mining gets too expensive people just shut down the equipment.

bitcoin
7 years ago by

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      ·  7 years ago 

    Also, BTC miners have proven to be highly resilient and will stick around even if the price drops to a point where they aren't profitable. The big players, who have invested a fortune in their hardware, know that they will lose their investment if they just shut down operations.

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