As you can see on https://www.f2pool.com/coins other coins using SHA256 as PoW algorithm only amount to about 1% of Bitcoin's daily dollars of Pow Produced, so
if any nontrivial amount of hash moves there, then those will soon become unprofitable too.
As you can see on https://www.f2pool.com/coins other coins using SHA256 as PoW algorithm only amount to about 1% of Bitcoin's daily dollars of Pow Produced, so if any nontrivial amount of hash moves there, then those will soon become unprofitable too.
They all correlate with bitcoin. Same problem probably applies.
No. all coins do not have equal mining participation.
I think the comment you replied to meant that the other coins are also dropping in price, when bitcoin drops.
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