Post
Topic
Board Economics
Re: Bitcoin price vs. hash rate?
by
AZwarel
on 25/06/2014, 13:12:49 UTC
no matter the hashrate and diff, new coins minted per day remain the same in general.
people often think that supply is shorted with the rise of difficulty, but actualy its the same, just more spread out between miners.
more interesting thing to talk about is next halving, if that doesnt move the price way up, nothing will.

It seems that there's no use in even trying to explain this to people on this forum.

Not to mention all of the "price will follow hashrate" comments. But please, yes - all of you should go buy more coins right now because the hashrate is continually rising.

I have tried to explain the same thing. From a market (price) point of view it does not matter if 100 Ghash/sec produces that 25 BTC/block or 100 Phash/s does it. They are the same 25 BTCs,
so, no, more hashrate does not mean higher price.
It is the opposite, if price goes up, more miner turns on their machinery!