[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 123 KB, 1069x533, Capture.jpg [View same] [iqdb] [saucenao] [google]
8722622 No.8722622 [Reply] [Original]

If mining costs go down, would it affect BTC price?

https://www.coindesk.com/intel-wants-patent-bitcoin-mining-hardware-accelerator/

>> No.8722640

>>8722622
absolutely not

miners are unaffected by crashes and speculative trading

>> No.8722642
File: 867 KB, 1024x768, 1522373176156.png [View same] [iqdb] [saucenao] [google]
8722642

>>8722622
>Bitcoin is over haha dump it haha

>> No.8722662

if cost of mining goes down difficulty goes up, then cost goes up

good for the ones who get this early

>> No.8722682

>>8722640
If the justification for BTC downside price is it costs $1k to mine one BTC. If it only costs $100 to mine a BTC, we will have a much lower bottom.

>> No.8722702

>>8722662
>rock go up

>> No.8722716

>>8722662
Short NVDIA and AMD stock NOW!

>> No.8722731

>>8722682
but the difficulty will be that much higher as more efficient mining farms are purchased and created plus centralization always increases the possibility of insecurity as well

>> No.8722771

>>8722731
>difficulty will be much higher
let's see how much energy could Intel saves including the added mining difficulties.

>> No.8722955

>>8722662
>if cost of mining goes down difficulty goes up, then cost goes up
What you meant was
>cost of mining goes down
>supply increases
>price goes down
>difficulty adjusts to new hash rates
>supply decreases
>price goes back to previous levels