When the price of Bitcoins is higher, people are more likely to mine, especially people whose costs are close to their expected proceeds.
As the demand of bitcoin increase, mining prices also increase as it include hardware to purchase,supply of electricity (countinous flow of power)etc.
because of blockchain as it has to countinous update in transaction.
as with decrease in demand of bitcoin ,mining price may effect as they have to overcome with their regular charges.
As the demand of bitcoin increase, mining prices also increase as it include hardware to purchase,supply of electricity (countinous flow of power)etc.
because of blockchain as it has to countinous update in transaction.
as with decrease in demand of bitcoin ,mining price may effect as they have to overcome with their regular charges.
Correct. Higher price means more expenditure on mining. Note the direction of the causality.
it is the reason why someone should buy when the price is not being pumped and mine when it is pumped only, to take advantage of the diff that can't catch up the price so fast, then you can shut down your miners if electricity isn't good enough or sell it if you want...