You're talking nonsense, kiddo. Bitcoin doesn't get its value from bitcoin mining, but from supply and demand. Bitcoin mining is just a security system.
I was referring to its intrinsic value rather than its exchange value, trying to get a handle on that. It seems to matter a lot to some precious metals bugs and maybe the population at large.
I tend to agree that 'intrinsic value' is not objective but is (collectively) subjective. It's is about social trust, and with each successful trade that trust will increase.