/biz/ - Business & Finance

>>15485896
>it can 100% form up bubbles, but those are discrepancies from the price of hashrate
Please stop being stupid.

Hashrate has absolutely no connection with price. Miners throw hardware at hashing because it is currently profitable to turn electricity into waste heat, and so there is a correlation between higher prices and producing waste heat, but the correlation is because of the opposite causation from what you think it is: higher prices, or even the hope of higher prices, mean more incentive to produce waste heat. That's it.

You're like the dog who thinks that cheese grows in refrigerators.