What happens when the price of Bitcoin falls below the cost of mining?

[worldtraveller505]

I understand that the users gets very worried about the market cause this place is very unpredictable but if you can cope with the condition and be supportive for the market then this kinds of situation will be easy for you

[cryptosmith03]

If this really happens then it will be bad news. Buy Bitcoin still has the power to do something good in the market. The price may have dropped a bit, but it did not end. It will turn and the price will be very fast. It exceeds $8000 by the end of the year.

[larkscrypto]

it is very bad news but it will recover and bitcoin turn again. bitcoin price will forward it may be $8000 or $10000 in the end of year. you have to wait for increasing price don't be frustrated. it will do something good. because bitcoin are more secure and potential. it is made by advance technology.

[cryptofan999]

if bitcoin price fall down than you should wait for increasing price. bitcoin price should forward immediately. it turn quickly because it is more demandable in crypto market. people increasing their investment when price are go down.

[Rozita]

Bitcoin mining cost is always changing. It depends on number of miners or hashrate. It means difficulty is always changing. So if bitcoin price decrease to 5000 dollar, the mining cost will decrease too.

[kenmobility]

If this happens, it will be a very bad image on crypto generally and might discourage people to enter into bitcoin, and also most miners will feel so discouraged, infact i wouldn't wish for the situation to degenerate to that extent

[SmallFish]

i agree with you.i think $3500 is the perfect for mining. i think when anyone mining bitcoin they should think for long time investment. if anyone hold it for long time then he will get profited.

[StormHunter]

mining bitcoin at any price ithink it's not a big deal. you have deal according to market situation. ups and down is natural process. you have to wait for the right time.

[CrazyHarpy]

Mining is good source of profit but if mining cost is higher than coin price miner will not get their desired profit. Since this market is so much unstable so we should analyse the market and its present price for our safety.

[blackandwhite89]

Even if Bitcoin is below 6000 dollars, 5000, more than 4000, I will hold it for a long time. Bitcoin has a great future and it is highly advantageous compared to any other investment. I'm trying to recover my current status and try to buy some bitcoin too.

[Sabana1952]

Seriously, it will not be "reasonable" to mine in many countries, mining power is in ridiculously huge excess anyway. That much mining is not needed, most of it is just a waste of energy. Many people dont understand information technology enough..

[joerogers8]

People will continue to mine because the chance for $20,000 Bitcoin always has a chance of returning so you were always mining for a profit even though at the time you were not.  Gotta believe. 

[gto2016]

The truth is that mining has high risks as well as direct purchase. If the price falls below the cost of production, it is a dangerous situation, because no one has a guarantee that it will rise again, then when it occurs and the price is good, it is best to sell a part to recover the investment from mining, too much accumulation can have the risk of very large losses.

[Sadlife]

There has been a decline of mining video cards of nvidia maybe some miners are cutting losses because the cost of mining and what they earn is inbalance. But mining will never go out of business as long as there are users who uses bitcoin as payment. There are big firms who is promoting and doing business through mining btc im some countries like china.

[tuturutmunding]

What I have in mind is bitcoin. I will make it a wealth asset and a source of investment because bitcoin has many advantages over other currencies or even compared to gold and silver

[aizen10]

even you, you know the best answer, of course miners will stop mining, there is no profits on that if the price of bitcoin falls below the cost mining. miners switch to the other one coins that suitable in mining to make profits. when bitcoin continues falls down below miner fee, the production in mining will less and the circulation of bitcoin will slow to reached the max supply.

[jemarleon]

Miners dont mind the price because most of them dont look at the current price but they are looking on the future price of Bitcoin, even though lets say bitcoin lose its value below the cost of their mining expenses most of the miners will stay mining and only few of them will quit.

Lets say there quite a big number on few of them, then those who continue mining will get more profitable because of those who stop mining.

[Heidim]

So, I was thinking, for the long term, even if Bitcoin goes below USD 6000, no worries, 5000, 4000, much the same. Hodl for the long run.

But, the vitality of Bitcoin is maintained by the continuous mining of Bitcoin. On an average these mining costs are USD 3000 to 3500 approximately. So, what happens when Bitcoin falls to that level?

Maybe the mining rigs won't mind bearing losses for a few months if they sense an upside later on. But, what if they don't, and start bailing out?

In that case, USD 3000 or whatever the lowest cost of mining Bitcoin will effectively become the null point. If Bitcoin falls to that point, downwards beyond that is a steep vertical cliff wall, and an inevitable fall to Zero.

It would make sense to shut off the miners, and may smaller guns will do that. But I think the big guns will continue mining because Bitcoin is not going anywhere.

[cahbagus555]

If the price of bitcoin is below the mining price, the first time it will get a bad impact is bitcoin miners, then the traders and temporary bitcoin holders. they will feel panic and might stop their activities.

At the same time they might seek for something for them to have a replacement to mining that will cost less and they can earn more. If people tends to love what they are dong, they will probably seek for ways. Therefore if it happens some may leave crypto but those who believes in bitcoin will probably find there way.

It will give big impact for miners if bitcoin price below mining cost. Miners will move to mine others profitable coin because peoples who involve in crypto must be looking for profits. Maybe bitcoin transaction will more slower than before price drop

[yitzjoe]

Miners also think business if the cost they incur is the same as the current market price, so I believe they will stop mining and move to other businesses or investments.