Bitcoin miners are losing on every coin produced as difficulty drops

Post by paulryanrogers » Sat, Apr 11, 2026, 7:36 PM UTC

catlikesshrimp wrote: post #122

pessimizer wrote: post #51

Earlier quoted context omitted.

You're not missing anything. As you can see if you read through the thread, they rely on bitcoin miners being heavily invested into bitcoin and bitcoin equipment, so those people will operate unprofitably to prop up their holdings. It's a moron's economy. A system that relies on externalities and corruption, and produces nothing of value. It's the art market with no art. If bitcoin miners are smart enough to have ant…

I need to buy a service. The service is provided in the US, where it is a grey area service. The service provider is not trustworthy enough to give it my credit card, and it doesn't accept neither paypal nor stripe. Unsurprisingly, it accepts bitcoins. The way bitcoin exists, the provider accepts bitcoin; it doesn't accept other crypto. I would rather bitcoin, or something equivalent to exist than not. There is also…

Post by londons_explore » Sat, Apr 11, 2026, 7:43 PM UTC

beloch wrote: post #148

londons_explore wrote: post #81

Earlier quoted context omitted.

The damping effect is that part of your costs are the hardware, space, depreciation etc. leaving that stuff idle costs money - so it makes sense to mine in the less profitable periods too.

Crypto-miners are switching to AI token farming when bitcoin is low. They have compute that's both installed and powered, so why not do what pays better?

Post by sph » Sat, Apr 11, 2026, 7:49 PM UTC

throwaway85825 wrote: post #145

chistev wrote: post #76

Earlier quoted context omitted.

Satoshi thought of everything, man.

Except people wanting to do more than 15 transactions a minute. Or that to scale everyone would need to store a petabyte size blockchain.

Post by [deleted] » Sat, Apr 11, 2026, 7:51 PM UTC

Post by JohnMakin » Sat, Apr 11, 2026, 7:58 PM UTC