Only if the miners are all behaving rationally. Sunk Cost fallacy is a thing in far more people that it is not.
Plus the investment in the mining equipment market will make for more efficient mining equipment, which would be needed for the new difficulty. We’d have a second mining equipment bubble.
No, that’s backwards.
Only if the miners are all behaving rationally. Sunk Cost fallacy is a thing in far more people that it is not.
Plus the investment in the mining equipment market will make for more efficient mining equipment, which would be needed for the new difficulty. We’d have a second mining equipment bubble.