No, I’m saying that Bitcoin’s designed so that there will always be some miners that are slightly unprofitable. It’s worth mining for most of the miners, but not the ones that are just over that edge. The edge automatically adjusts so that there will always be some that are just over it.
If you want to interpret that as “Bitcoin is always unprofitable to mine”, then sure, you can interpret it that way. Profitability varies from mining operation to mining operation, though.
No, I’m saying that Bitcoin’s designed so that there will always be some miners that are slightly unprofitable. It’s worth mining for most of the miners, but not the ones that are just over that edge. The edge automatically adjusts so that there will always be some that are just over it.
If you want to interpret that as “Bitcoin is always unprofitable to mine”, then sure, you can interpret it that way. Profitability varies from mining operation to mining operation, though.