StormGalaxy
Tue Aug 06 2024
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5 answers
1414
What happens if mining costs are lower than bitcoin's?
If the mining costs associated with Bitcoin were to drop below the current market value of Bitcoin, wouldn't that potentially incentivize miners to continue mining at a higher rate, potentially leading to an increase in the supply of Bitcoin? Additionally, how might this impact the overall stability and value of Bitcoin in the long term? Could it potentially lead to a decrease in demand, or would other factors, such as the limited supply of Bitcoin, come into play to stabilize the value? It's an interesting question to consider, and one that has implications for both miners and investors alike.
