Re:Bitcoin falls from $266
by phreeza on Wednesday April 10, 2013 @04:28PM
(#5527925)
At some point it would probably be easier to mine one, if the value and interest drops low enough.
[ Parent
| on HN ]
That's backwards. As the value approaches zero, the relative cost of mining grows not shrinks.
That's true, but as value drops, there is less incentive to mine bitcoin so there'll be a lot less mining going on(not cost-effective with respect to the cost of electricity).
Re:Bitcoin falls from $266
by mynameisvlad on Wednesday April 10, 2013 @05:37PM
(#5528373)
Unless we reach the mining gives you 0BTC limit.