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by Closi
1956 days ago
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> as mining network consolidates and it gets harder to acquire more power, it becomes urgent to support the price by finding other sources of value to attach to the chain being mined. The amount of power used to mine a bitcoin will always raise in the long run so that the power costs approximately the same as a bitcoin at industrial electricity prices, less a contribution to the mining capital (e.g. the ASIC miner) and margin. |
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