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And the cost of bitcoin has naturally been inflating to the cost of the power needed to do the mining ... so the whole thing looks a lot like a bubble, great if

And the cost of bitcoin has naturally been inflating to the cost of the power needed to do the mining ... so the whole thing looks a lot like a bubble, great if you got in and out early, bad news for everyone else.

rdbell 6y ago
Are you arguing that price chases hash rate instead of hash rate chasing price?