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It’s not a lie, nor a damn lie. It’s statistics!
by mathgeek 6mo ago
It’s not a lie, nor a damn lie. It’s statistics!
- littlecranky67 6mo agoExactly: "The average production cost was sitting at $88,000 per bitcoin in mid-March". Emphasis on average. Just as in a free market, those miners with higher mining costs are priced out of the market. Or are pressured to become more efficient. Those that are below-average probably already are efficient.
- hackernudes 6mo agoYou left off the critically important part of the quote, IMO... > ... according to Checkonchain's difficulty regression model It's a guess based on oil costs (as a proxy for energy costs). Personally I think it is completely worthless.