3 ms·
No I meant difficulty adjustment and I know they can also adjust now. What's being missed here is that price go up because of buyer AND seller behavior. The dyn
by dataangel 5y ago
No I meant difficulty adjustment and I know they can also adjust now. What's being missed here is that price go up because of buyer AND seller behavior. The dynamic goes both ways. If there is a demand increase, price goes up, so miners mine more. But if costs for miners go up, they won't sell for less than their costs, so that also causes the price to go up.