2 ms·
> The floor of the currency is tied to the cost to mine. This is not true because of difficulty adjustment. If the price drops enough so miners are losing mone
by DennisP 4y ago
> The floor of the currency is tied to the cost to mine.
This is not true because of difficulty adjustment. If the price drops enough so miners are losing money, some of them quit, the difficulty adjusts downward, and the economics improve for the remaining miners.