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12199884 No.12199884 [Reply] [Original]

Why don't the computer people discuss mining costs per BITCOIN in the 2020s? It like simple math the price be big

>> No.12200184

>>12199884
By 2026, one Bitcoin will cost about 200-250 LINK to mine.
Fiat is rendered irrelevant by then.

>> No.12201389
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12201389

>>12199884
Computer power used for mining is determined by Bitcoin's value, not the other way around. If Bitcoin went up 10x then miners would invest more resources, if it went down 10x they would downsize and some would end up bankrupt.

>> No.12201669

>>12201389
So simple that it takes a special kind of person to still not understand it.