2PacStackur on nostr

Open in Damus

we already do. miners are going offline. but difficulty will just adjust down 🤷

Correct.

I was more referring to if block subsidy plus fees don’t cover operating costs miners are forced to sell coins to pay expenses. Which could worsen the already bearish price action.

Alexander Hoff ❍ · 9w

i have not researched this in detail but my intuition is that the largest cost to miners is electricity so by simply switching off they can essentially „hibernate“ until price recovers. hodl miners i‘d also assume have diamond hands and margin miners sell constantly anyway. it‘s also quit...