strong buy
Cryptocurrency Mining Challenges and Risks Highlight Risks to Bitcoin Price
In the end, when mining becomes unprofitable, ASICs will simply process transactions for network fees. If mining becomes loss-making, miners will start shutting down their ASICs. Moreover, if a single entity gains 51% of the network's hashing power, it could alter the blockchain, potentially creating 21 million Bitcoins and selling them on exchanges before others can react. Consider what happened with Terra Luna and its impact on its price.
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AI Analysis
The commentary highlights the potential vulnerabilities in the cryptocurrency ecosystem, particularly emphasizing the risks associated with mining viability and network security.When mining becomes un...
AI Recommendation
Investors should exercise caution and consider diversifying their holdings to mitigate risk exposure related to mining profitability fluctuations and network security threats. It is advisable to stay ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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partial sell