What happens if bitcoin price falls below the cost of mining it?

[cloningjeans0]

That would be an awkward situation hope the day doesnt comes specially when i am a miner myself :")

[furrystocks]

I think then also mining will continue or there will be a crisis of btcs which then can be never recovered nor miners can profit ever

[btctalk123]

Would bitcoin be able to recover? Are we safe since 80% of bitcoin has already been mined?
I remember it happened once in 2011 (https://www.themarysue.com/price-bitcoin-falls-below-mining/amp/).

That is never gonna happen again, because it will be almost worthless.. so no, just lose your hopes because it is not going to happen again.

Anyway, bitcoin is not going to die, and it doesn't matter what (if this is what you are trying to ask, of course

[safeend6]

Dont know about it because i am a newbie and just started to earn btcs by the aid of small aids

[MMA]

Would bitcoin be able to recover? Are we safe since 80% of bitcoin has already been mined?
I remember it happened once in 2011 (https://www.themarysue.com/price-bitcoin-falls-below-mining/amp/).

That is never gonna happen again, because it will be almost worthless.. so no, just lose your hopes because it is not going to happen again.

Anyway, bitcoin is not going to die, and it doesn't matter what (if this is what you are trying to ask, of course

It will be a serious issue no doubt but i also think that it is not going to happen, because the minor now finding the more cheapest source for mining bitcoin, so if even bitcoin price will fell down much more it will still be profitable to min bitcoin, therefore i do not think that it will effect the minor too much but will just reduce their income, but still they will continue mining bitcoin.

[carlisle1]

Mining is a complete market activity, and mining costs are dynamic. As long as bitcoin is valuable, there are always miners digging.

When BTC broke the cost of mining, some of the mining unions withdrew, resulting in a decline in the force, the difficulty of mining, and the decline in mining costs. The miners who persisted could survive.

we all know that theres no permanent things happening here,just like the mining if ever it cost morethan bitcoin price,many of miners will exit but ofcourse they will just standby untill the price recovers.thats not easy for them to totally exit since the price of mining equipments and tools are expensive enough or them to wait still

[andreijoaquin]

Would bitcoin be able to recover? Are we safe since 80% of bitcoin has already been mined?

I remember it happened once in 2011 (https://www.themarysue.com/price-bitcoin-falls-below-mining/amp/).

Bitcoin will surely recover, all we need is to be patience and keep holding our bitcoin. The market demands respond positively so I really thinks that bitcoin value will going to have a good future as well as value, right now what we are just experiencing is a normal fluctuations, bit sooner bitcoin will reach another all time high record in its price.

[LZBN]

Would bitcoin be able to recover? Are we safe since 80% of bitcoin has already been mined?

I remember it happened once in 2011 (https://www.themarysue.com/price-bitcoin-falls-below-mining/amp/).

You know it is very philosophic question, because when the mining become unprofitable, difficult of network will fall down, and it will come profitable again.

[hygroscopicgymnasiumd]

Nothing can be more profittable than fiats earnings. these btcs are one day and blind currencies what much can we expect from it?

[craZyLovE0916]

The price of bitcoin does not affect the mining sector of the bitcoin market. The one thing that drives bitcoin mining and always has has been the earnings which the miner takes out of it. If the bitcoin miner is mining a good number of bitcoins then he will continue mining. Although now I do not believe that the price would fall below the cost of mining it.

[giarised]

That would be an awkward situation hope the day doesnt comes specially when i am a miner myself :")

No doubt in it. Definitely it would be a dark time, a dark era. But what to do when such scenario comes because you don’t have control over bitcoins world. So unfortunately if such conditions are observed what to do? This is important. As far as I know, you should be waiting. Don’t do anything else. Don’t see the market trends, don’t get tension. Just wait and prices would be increasing slowly and gradually.

[rizkyhiw]

Would bitcoin be able to recover? Are we safe since 80% of bitcoin has already been mined?

I remember it happened once in 2011 (https://www.themarysue.com/price-bitcoin-falls-below-mining/amp/).

I think yes bitcoin will recover back but I do not know when it must have happened.
Bitcoin is in like a rare item, the rarer the goods and the more people who need the goods then the price will be more expensive and expensive constantly. Well you do not have to worry, or panic. If you have some bitcoin should be stored up to several years ahead will be very good for yourself.

[Ghondronk]

In this process miners will get Bitcoin to solve the equation. But if the costs incurred are higher than the income from mining activities, then the miners will lose the incentive.

[fiulpro]

It will break down..for sure and off course it's not safe..!
It will break down like tulip and..then thereafter ... It won't be able to recover..till a big.. whale invests in it ..

Bitcoins is alive because of investors .. thus if there won't be any more fluctuations and it will die because if the supply of Bitcoins stops and price goes down. That much there won't be anyone who will..be willing to.. invest.

[Duzter]

The price of bitcoin will recover slowly and we can't predict when this takes place. The time period varies, based on the growth that we experienced by the month of December now we could have crossed $25k. We're staying below $10k,upon this I believe that the market is unpredictable. At any instance it won't go low to the cost of mining, because such a situation will surely lead to the destruction.

[jakagintiri]

Would bitcoin be able to recover? Are we safe since 80% of bitcoin has already been mined?

I remember it happened once in 2011 (https://www.themarysue.com/price-bitcoin-falls-below-mining/amp/).

if it is true that there will be a decline in prices to fall below the cost of mining, inevitably must stop mining, if seen from the development of bitcoin is currently very interested in the number one cryptocurrency in the world, certainly Many people who participate to invest some money for bitcoin, it's about the policy issue of every country that has not found the bright spot of bitcoin legality.
when bitcoin gets the trust and legality of the country there will be price increases every year.

[mu_enrico]

Then miner will sold their mining equipment, it happened before

The drop in hashrate will make mining profitable again, and the cycle goes

[Kprawn]

Then miner will sold their mining equipment, it happened before

The drop in hashrate will make mining profitable again, and the cycle goes

Nope, they will not sell their hardware. They will simply switch it off until the difficulty has adjusted enough to make it

profitable to mine again. Why would you sell hardware, if you know what might happen in the future. The miners will also

switch from one Alt coin to the next to find the most profitable coin to mine. {Like they did with BCash a while ago} 

[BartS]

Would bitcoin be able to recover? Are we safe since 80% of bitcoin has already been mined?

I remember it happened once in 2011 (https://www.themarysue.com/price-bitcoin-falls-below-mining/amp/).

It will happen the same that happens to all businesses, if miners are operating for a loss they have two options, one is to mine another cryptocurrency and obtain profits that way and two is to go bankrupt being bought by another miner and then only the most efficient miners remain, this is the survival of the fittest at its best, also after two weeks the hash rate will go down and then the difficulty will adjust, it will get lower allowing the miners to be profitable again, so as you can see satoshi was really a genius because he thought that far ahead.

[EtherATM]

Would bitcoin be able to recover? Are we safe since 80% of bitcoin has already been mined?

I remember it happened once in 2011 (https://www.themarysue.com/price-bitcoin-falls-below-mining/amp/).

Of course, if Bitcoin price falls below the cost of mining then all miner will stop mining Bitcoin, this will do transaction fees go up. But i remember that Satoshi Nakamoto seem had calculated this, after 2400 blocks, the difficulty will adjust down, that means it's easier to mine Bitcoin and the cost to mine a Bitcoin will lower than the price of a Bitcoin and this will promote miners continue mining Bitcoin.