Because their electricity costs are currently still lower than their marginal cost of production, you numpty.
If you’re going to troll, at least apply some brainpower first.
If you’re going to troll, at least apply some brainpower first.
Yeah, and the electricity costs are still 5billion $ a year (7$ billion overall revenue). And this is the point I was making in the start, that you tried to stear away. Your childish demagogy won't work here. 7 Billion still needs to be payed to miners every year just to keep this crap afloat.
So what you are saying is that if bitcoin doesn’t go up? It goes down?

Exactly. There is no option for stability and keeping present value. It either has to expand, or it will start shrinking very quickly. It's really like a pyramid scheme in that manner.
If coin production would cost less, then the price would drop as long as the speculators are selling and then it would stop. With high production costs it won't stop, but will squeeze every juice out of this thing as possible.
Do you realize, you seemingly dimwitted trolljob, that there has been a price battle in bitcoin that has been going on for several years now, and it has periods of greater intensity.
Furthermore, with s-curve adoption, there are going to be a large number of price finding attempts at various points, which just means both up and down volatility.. while at the same time upwards price appreciation, that is still manipulated down from time to time, even while the price is largely heading exponentially upwards...
Hopefully, you are smart enough to both get paid in bitcoin for your stupid-ass trolling job, and not to really buy into the bullshit that you are propagating because you really cannot believe the nonsense that you are attempting to spread, can you?
I think that if you would just try drinking less coffee, then you wouldn't get upset so easily, and you would be able to express yourself more clearly.