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From what I heard on http://reddit.com/r/bitcoin http://reddit.com/r/bitcoin the latest difficulty increase have now made bitcoin mining more expensive than the
by lwat 15y ago
From what I heard on http://reddit.com/r/bitcoin http://reddit.com/r/bitcoin the latest difficulty increase have now made bitcoin mining more expensive than the electricity required, and some home miners are now stopping production.
- dkokelley 15y ago...decreasing the supply of new bitcoins, leaving more on the table for the remaining miners (with the most efficient setups). Really the primary variable is the acceptance of the BTC as currency, which influences the exchange rate. Everything else would seem to be in a nice equilibrium.
- lwat 15y agoYes, by design the difficulty changes to match the price and not the other way around.