In opposite, real diamond-handed miners are real investors and hodlers. So what do they say with market crash and price dips? They do say it as perfect opportunity to mine more Bitcoin with same input cost. Such miners will feel very happy if price dips lower and lower, even to $12,000 or $14,000 and they will hope the price will stay here 6 months, one year or longer.
Because same input cost but they can mine more Bitcoin. They do know price will rise again after capitulation ending.
It doesn't work like that!
Price could be dropping to 1 cent per 1 million
BTC if the difficulty doesn't go down you will be still mining ~400 satoshi for each Th/s.
Price is irrelevant in this thing, I'm mining right now less bitcoins than when
BTC was at 40k, on average by 10-15%.
The amount fo bitcoins miners get each day is fixed, the only thing improving your chance of getting more is other miners quitting, and this is NOT happening right now, despite a 10k price drop the difficulty will probably be adjusted in 2 days by the nearly the same amount ~-1.6 as the last adjustment up, + 1.29 % last time.
So for a miner right now, nothing has changed in
BTC valued income, what has changed is the value of the revenue which has gone down by 30% while cost has stayed the same.
