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At present: * Bitcoin is doing badly in terms of electricity cost versus block rewards. If it keeps going down, the miners are going to switch off. * All altc
by davidgerard 12y ago
At present:
* Bitcoin is doing badly in terms of electricity cost versus block rewards. If it keeps going down, the miners are going to switch off.
* All altcoins are doing worse.
Because the altcoins are basically alternatives to Bitcoin, but their value has gone down even more than Bitcoin's.
(I could be wrong - are there any that haven't, which have non-negligible exchangeability and/or trading volume?)