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I just cannot trust bloomberg on cryptocurrency reporting. They conveniently cut off the price graph (just below "The Big Dip") in Nov 28. Why? Because at the b
by donquichotte 9y ago
I just cannot trust bloomberg on cryptocurrency reporting. They conveniently cut off the price graph (just below "The Big Dip") in Nov 28. Why? Because at the beginning of October 9 2017, the price would have been at 4500$ - then an all-time high, and yet below the current price! It would have destroyed their narrative.
- the_mitsuhiko 9y agoNot sure how that would have destroyed the narrative? The narrative seems to be pretty irrelevant to whatever happened to the price before november? The hashrate is consistently climbing ignoring the actual USD price with very few dips.
- deadbunny 9y agoYou're completely ignoring the increase in difficulty since it was at $4500 last.
- bittcto 9y agoYes, and I believe the actual mining breakeven is closer to $1,250 based on a tweet from Adam Back today.