brypto

Bitcoin’s hashrate continues to rise, and the average cost of mining one Bitcoin is around $88k. Meanwhile, the current market price of each Bitcoin is trading around $83k.

This indicates that the core of the Bitcoin community, the miners, still don’t believe we’re in a bear market.

Crypto💲, Chess♟️, Math➕️ 📍fid : 16565

I wonder what would happen if electricity gradually became cheaper around the world 🤔 never thought about it tbh

Your concern is completely valid. But Bitcoin has entered a stage where mining costs can no longer directly affect the market price, because the majority of it has already been mined, and the amount left to be mined is very small compared to the circulating supply. Also, the mining speed is rapidly decreasing, and in my opinion, after the next halving, the impact of mining costs will be very minimal.