> If the cost of mining is higher than the price, then people won't mine, and the cost will go down. Absolutely, the price of BTC drives the viability of minin

> If the cost of mining is higher than the price, then people won't mine, and the cost will go down. Absolutely, the price of BTC drives the viability of mining, BUT the cost of mining doesn't have the reverse effect, it doesn't affect market price. And yes, I agree, the whole thing is a clusterfuck :)