@steve2bacon@MaxCrypto Wrong numbers. Current electrical cost to mine is $86,000-$92000
Miners are switching off and hash rate will drop. Which in turn lowers the difficulty/security.
In turn lowers the cost to mine.
@PhilGould15 Everyone should demand their BTC is backed 1:1
Bank run on them and watch them collapse. Btc price squeeze would be massive as they are forced to actually buy and distribute btc.