This is a logical but too theoretical argument. Counter-arguments: 1. Mining equipment is a sunk cost usually, so many will keep mining. Inotherwords, its easy

This is a logical but too theoretical argument. Counter-arguments: 1. Mining equipment is a sunk cost usually, so many will keep mining. Inotherwords, its easy to continue operations as normal versus trying to sell off all the equipment (at a loss?) Also, cloud mining contracts are locked in for a year or two, most cannot be cancelled, so mining continues regardless. 2. The difficulty may not actually decrease that much to have a huge impact on the profitability. It really depends on the magnitude of the mining drop-off.