And it depends on what part of the world you live in... some places are still much cheaper than $6k, while others are significantly more expensive.

I read contradicting replies about whether the mining difficulty adjusts downwards or only upwards.
You seem to assume monotony.
You may be correct.

You got upvoted from @adriatik bot! Thank you to you for using our service. We really hope this will hope to promote your quality content!

You got a 50.00% upvote from @luckyvotes courtesy of @stimialiti!

You got a 50.00% upvote from @sleeplesswhale courtesy of @stimialiti!

This comment has received a 100.00 % upvote from @steemdiffuser thanks to: @stimialiti.

Bids above 0.1 SBD may get additional upvotes from our trail members.

Get Upvotes, Join Our Trail, or Delegate Some SP

You got a 71.99% upvote from @proffit courtesy of @stimialiti!
2-25% Return on investment. Check for current status
Minimum 0.01 SBD/STEEM to get upvote , Minimum 1 SBD/STEEM to get upvote + resteem

Miners will keep mining for a “loss” for some time as they have a sunk cost in mining hardware and data centres

That is a very good point. If you spent millions setting up the mining farm, you can't stop just because you are currently underwater.

sure, if they stop mining the net collpase and btc will die.. So investors move to another fast trqansaction coins...

Coin Marketplace

STEEM 0.41
TRX 0.07
JST 0.052
BTC 42617.13
ETH 3261.68
BNB 483.14
SBD 4.87