If costs stay high, then people will drop out of bitcoin mining, which will caus... | Hacker News

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rayiner 70 days ago | parent | context | favorite | on: Bitcoin miners are losing on every coin produced a...

If costs stay high, then people will drop out of bitcoin mining, which will cause supply to go down and bitcoin prices to go up.

Nursie 70 days ago [–]

It won’t cause supply to go down, the same amount of Bitcoin is produced whether it’s mined by millions of ASICs or a single 2008-vintage laptop.

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