No, I’m saying that Bitcoin’s designed so that there will always be some miners that are slightly unprofitable. It’s worth mining for most of the miners, but not the ones that are just over that edge. The edge automatically adjusts so that there will always be some that are just over it.
If you want to interpret that as “Bitcoin is always unprofitable to mine”, then sure, you can interpret it that way. Profitability varies from mining operation to mining operation, though. Not everyone will be over that threshold, and even if by some strange sequence of events everyone was over it the difficulty would adjust downward soon enough.
Right. But your examples are about a situation not changing. You know what news is right?
Or are you saying Bitcoin was never worth mining?
No, I’m saying that Bitcoin’s designed so that there will always be some miners that are slightly unprofitable. It’s worth mining for most of the miners, but not the ones that are just over that edge. The edge automatically adjusts so that there will always be some that are just over it.
If you want to interpret that as “Bitcoin is always unprofitable to mine”, then sure, you can interpret it that way. Profitability varies from mining operation to mining operation, though. Not everyone will be over that threshold, and even if by some strange sequence of events everyone was over it the difficulty would adjust downward soon enough.