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50 sats \ 1 reply \ @Jon_Hodl 28 Dec 2024 \ on: Btc fees bitcoin
If miners are mining at a loss, then they are doing a disservice to bitcoin. If a miner is only mining $8 of bitcoin for every $10 worth of electricity they consume, they should throttle down or even shut off their mining hardware and divert that $10 toward buying until the price recovers to a level where they can mine profitably again.
You are right. Miners should turn off if they are unprofitable.
My concern is about the effect of an eventual hashrate drop, marketwise.
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