Bitcoin mining becomes unprofitable as BTC price falls to average cost of mining
It's a self-correcting equilibrium though, since the block difficulty is tied to the hashrate, which will fall as miners pull out.<p>That said, the hashrate is not showing major drops yet:<p><a href="https://www.blockchain.com/charts/hash-rate" rel="nofollow">https://www.blockchain.com/charts/hash-rate</a>