xvrv393slrc
22 days ago  Karma: 78
Ethereum Mining

If the value of Ether continues to drop and mining becomes unprofitable, what will happen to Ethereum?

en
mining
#ethereum
xvrv393slrc
22 days ago  Karma: 78
Ethereum Mining

If the value of Ether continues to drop and mining becomes unprofitable, what will happen to Ethereum?

en
mining
#ethereum

2 ANSWERS
pierwagenmans
22 days ago Karma: 40

There's a trick: mining will not become unprofitable for all miners at the same time. First, the least efficient miners will be affected. Most likely they will quit. This means that the rewards are going to be split between fewer miners. The more miners will quit, the higher the incentives will be for the ones who will continue mining. The system is capable of self-tuning. Only the most efficient miners will continue.

There's a trick: mining will not become unprofitable for all miners at the same time. First, the least efficient miners will be affected. Most likely they will quit. This means that the rewards are going to be split between fewer miners. The more miners will quit, the higher the incentives will be for the ones who will continue mining. The system is capable of self-tuning. Only the most efficient miners will continue.

renji26
7 days ago Karma: 4

Initiative Q. Here is invite link: https://initiativeq.com/invite/BX-Eikc3Q
This is the new crypto payment system going to roll out next year. Please Check the link

Initiative Q. Here is invite link: https://initiativeq.com/invite/BX-Eikc3Q
This is the new crypto payment system going to roll out next year. Please Check the link

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