Question for #bitcoin, what will happen when ASIC mining becomes unprofitable?
Due to the SHA256 PoW of Bitcoin, ASICs were designed to mine Bitcoin more efficiently and now control basically 100% of the hashrate. I’ve calculated that due to recent halvings ASICs will soon no longer be able to break even and stay profitable.
What will happen to Bitcoin’s value after all the miners bail? Am I missing something?
#asknostr
mcneb10
npub100…wcx27
2024-07-30 16:57:19
Author Public Key
npub1008dwek6autzdu7xxuc8rvj0uzww0sjk5006qptvxgnywdv9vz3sgwcx27Published at
2024-07-30 16:57:19Event JSON
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"content": "Question for #bitcoin, what will happen when ASIC mining becomes unprofitable?\n\nDue to the SHA256 PoW of Bitcoin, ASICs were designed to mine Bitcoin more efficiently and now control basically 100% of the hashrate. I’ve calculated that due to recent halvings ASICs will soon no longer be able to break even and stay profitable.\n\nWhat will happen to Bitcoin’s value after all the miners bail? Am I missing something?\n\n#asknostr",
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