Very good article to read 📖, plus some fresh videos on the subject matter
"Bitcoin currently trades essentially at the break-even cost of mining a bitcoin, currently at $8,038 based on a mining model developed by our data science team," Fundstrat's Thomas Lee said in a report Thursday.
Source Image by Pixabay.com
Resteemed and Upvote by @drakbirkenau Thanks to @daily.readings!!
The first thing is that miners are also earning through the fees they collect.
The second thing is that if miners stopped mining entirely, there would be no transactions in bitcoin. Therefore, bitcoin would lose his purpose and value. Miners will always be in profit with bitcoin. Sometimes more and sometimes less.