Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
rebuilder
on 19/09/2014, 09:29:48 UTC
if stamp breaks into the 3xx - we are screwed

i call bottom at 392...

The bottom is calculated long ago, browse around. It's the price it costs to mine BTC with electricity cost that most miners pay, currently somewhere around $280.

Mining costs do not drive BTC price, BTC price drives mining costs.