>If the cost of mining is higher than the price, then people won't mine, and the cost will go down. People will roughly decrease mining up to the new cost. Tha

>If the cost of mining is higher than the price, then people won't mine, and the cost will go down. People will roughly decrease mining up to the new cost. That doesn't lower the cost further. If a mining pool explodes, decreasing the total power going into mining the price will not be affected. The causality is fully from price>mining output, and there's no mechanism for the opposite since mining produces the same # of coins regardless of the amount of energy put in.