Post
Topic
Board Altcoin Discussion
Re: What determines the price of btc: information or charts
by
baonguyen
on 30/08/2018, 08:16:21 UTC
I'm a firm believer that price follows hash rate... albeit a bit delayed.
wow. i never thinking about that before. Hash rate, hard to mine a bitcoin today. Someone told me need 8k usd, it costs to mine a single bitcoin. What happen if the bitcoin price below a price to mine a single bitcoin. Miner may turn off them machine and no one broadcast it and verified by the network.