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South central kansas |
Some of the predictions where based off the cost to mine one BTC,(primarily electricity) they assumed the marginal cost of production(which they assumed was the floor for price) would continue too rise and so would the price of bitcoin.
I haven’t seen updated costs to mine one BTC, but the following shows the cost to mine one BTC across different countries, as of March 2018.
If the price stays below the cost of mining long enough, a lot of miners will quit and the miners will become even more centralized, and also the cost to mine will probably come down if it stays below cost of production long enough.
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 601828CE-83A3-400B-827E-4C01267EE7A1 (full).jpeg (54KB - 197 downloads)
A93BFC49-959B-4F79-BDD3-87DBA22EC3D8 (full).jpeg (103KB - 245 downloads)
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Bitcoin
