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Would this mean that the currency would never fluctuate below that price point?
by nkkar 10y ago
Would this mean that the currency would never fluctuate below that price point?
- ktta 10y agonot if you have a free-fall dump going on. This happens when investors lose hope in the long term future
- ThrustVectoring 10y agoIt's a price ceiling, not a floor. If prices go up high enough, it's worth turning on EC2 instances and paying for them with the mined cryptocurrency until prices fall. There's some wiggle room above the break-even point, since there is some delay between turning on miners receiving USD, and the miner has to eat that risk.
- nkkar 10y agoAh, yes, that makes sense, thank you!