Satoshi said himself "The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price. "We know the production cost (in China where it's cheaper) is 3,200 -- also happened to be the bottom. What will the production cost to produce one BTC once this next halving occurs? How can this be calculated?
Submitted July 18, 2019 at 11:18AM
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