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Does anyone know what price it needs to drop to to no longer pay for mining? Like with the most efficient rigs? (Particularly with energy prices going up.)
by timmg 4y ago
Does anyone know what price it needs to drop to to no longer pay for mining? Like with the most efficient rigs? (Particularly with energy prices going up.)
- petertodd 4y agoMining difficulty adjusts automatically. There is a price at which Bitcoin is no longer secure from the entity willing to spend the most money to 51% attack it. But there's no good way to know how big that threat is. Most likely Bitcoin has a significant safety margin there (I'd take a rough guess at >100x).
- physicsguy 4y agoI read in the FT this morning that it’s about $16000 in electricity costs to mine a bitcoin at the moment