balance point between miners and price

Started by i-SPN, Dec 09, 2018, 03:44 pm

Previous topic - Next topic


There should be a balance point between the number of miners which feedback the security to the network and the coin price which feedbacks the profit to the miners.

More miners exceeding that balance point will increase the difficulty and result in less profit, but the human beings are irrational, they make mining leverage markets which surely create huge bubbles. Then some miners should leave the mining place to let it shift back to the balance point.

However what point is the balance point? Only god knows. The miners will leave if they are bankrupt.