2 ms·
tldr: It's a market. If demand that day is greater than the supply, then you'll make money. The cost of bitcoin is dependent on the demand, not the cost of prod
by brighton36 11y ago
tldr: It's a market. If demand that day is greater than the supply, then you'll make money. The cost of bitcoin is dependent on the demand, not the cost of production. If/as demand goes down, the cost of production will go down commensurately. There's always a fixed supply of coins entering the market every day. It does not matter how many people are mining, or at what price those people are mining.
Also, it's 'stolen'/'subsidized' energy that is being leveraged. Not computing time.