5 ms·

If his cost in electricity and connectivity exceed his revenue from mining, the miner will stop mining even if he has invested a lot of money in mining rigs.

• TeMPOraL 7y ago
  But they won't likely sell the rig immediately. Which means that as miners halt their mining, if the difficulty would start falling again, it'll eventually make those miners resume their operations and halt the fall of difficulty.
  • faissaloo 7y ago
    In fact they may never sell the rig, used mining rigs aren't worth much
    • TeMPOraL 7y ago
      ASICs might be worthless, but crypto miners using GPUs do rotate them, pawning them off as "lightly used" on auctions.
  • gridlockd 7y ago
    If difficulty drops to the point where it's profitable again, they turn the rig on. If, as a result, difficulty rises to the point of unprofitability again, they turn them off again. This is basically equilibrium. It's not theoretical, it's what actually happened lately. Difficulty dropped along with price, now it's rising again along with price - but it's still below historical highs.