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re: Official CryptoTalk Thread

Posted on 12/7/18 at 6:46 am to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423792 posts
Posted on 12/7/18 at 6:46 am to
quote:

Cause when this hits final bottom next year, BTC could ultimately fall to $700-$800 before it reverses.


well to be fair, that was literally the price range a short 2 years ago
Posted by PearlJam
NotBeardEaves
Member since Aug 2014
13908 posts
Posted on 12/7/18 at 8:56 am to
How much does it cost to mine 1 bitcoin? I've seen average estimates between a little over $2k to almost $5k. If that is true, what happens when the price drops below the cost of mining the bitcoin? How is the system maintained without miners?
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