Comment by rayiner
18 hours ago
If costs stay high, then people will drop out of bitcoin mining, which will cause supply to go down and bitcoin prices to go up.
18 hours ago
If costs stay high, then people will drop out of bitcoin mining, which will cause supply to go down and bitcoin prices to go up.
It won’t cause supply to go down, the same amount of Bitcoin is produced whether it’s mined by millions of ASICs or a single 2008-vintage laptop.