>There could also be some kind of critical point where too many miners keep doing it unsustainably, in hope to survive longer than others and stay up (but that

>There could also be some kind of critical point where too many miners keep doing it unsustainably, in hope to survive longer than others and stay up (but that would be absurd, they could just start it up again later when it will be sustainable again, but humans are humans...). This is not absurd at all, most miners have a lot of sunken capital as well as ongoing costs such as fixed term rent and electricity contracts they cannot easily get out of, thus many continue to operate at a loss just in case price improves over time. A lot of traditional businesses also follow this model.