Search Write Sign up Sign in Why Bitcoin Miners Will Keep Mining
Bitcoin prices have dropped sharply, cutting mining revenues in half even before the actual incoming halving
This situation will undoubtedly bring the ‘mining death spiral’ argument back to the forefront of the bitcoin media cycle
‘Mining death spirals’ do not actually happen in real life — they are highly theoretical edge cases without any historical real-world precedent
Mining cost is largely a function of the difficulty, this is a dynamic metric determined by the protocol itself and it can adjust both up and down to keep block times at 10 minutes on average
