3 ms·
That's backwards. As the value approaches zero, the relative cost of mining grows not shrinks.
by jdludlow 13y ago
That's backwards. As the value approaches zero, the relative cost of mining grows not shrinks.
- entropy_ 13y agoThat's true, but as value drops, there is less incentive to mine bitcoin so there'll be a lot less mining going on(not cost-effective with respect to the cost of electricity).