As we see at current prices it would not allow profit to mine Bitcoin
Therefore for miners the price of Bitcoin below $ 10,000 after halving is pointless.
You forget to mention difficulty, if btc mining is not profitable anymore on price level xy some miners stopp mining, which results in a reduced difficulty, which make mining profitable again.
(After 2016 Blocks the difficulty gets calculated new).
What I mean by the report is the little profit from mining at these prices and how they decrease after Halving.
Mining has cost of:
Equipment
Infrastructure
Electricity Cost
Maintenance
Operating cost
Hash rate
I forgot to mention the difficulty, thank you for your comment, but as I see over the years, the difficulty goes down, for a few weeks after having, to find a balance in the cost benefit equation, which after 3 weeks at the most it is at previous or higher levels.
The profit has been maintained in mining over time as a result of the rise in the price of Bitcoin, the Hash Rate adjustment is a correction that occurs to keep the network running.
fuente:https://insights.glassnode.com/buying-the-dip-investors-accumulate/
Thanks for participating.