Dec 6, 2018Â â‹…Â 1 min read
Arjun argues that Bitcoin ($BTC) is not going into a “mining death spiral.” The death spiral argument is as follows: Bitcoin prices drop materially, eventually marginally profitable miners shut off, ad infinitum, until all the miners are gone and no one mines Bitcoin.   However, Arjun says that in an extremely unlikely scenario if hash rate dropped a lot, miners can be kept running by increasing fees. If that wasn’t enough, as a last resort, there could be an emergency fork to manually lower difficulty.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in