Does anyone have up-to-date information on the correlation between cost of mining and bitcoin price? How much does it cost to mine 1 bitcoin? How has that cost changed over time?
Do people generally think there is a connection between mining cost and bitcoin price, or is that not considered to be relevant?
Thanks!
with rising prices people will start mining until it doesn't pay off anymore. therefore a small time miner never makes a profit and a big time miner has to stem some investment.