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BTC036: Bitcoin Mining Update w/ Harry Sudock (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Tethered Relationship Between Price and Production Cost in Bitcoin Mining
The price of Bitcoin and its production cost are intricately linked, impacting each other in a tethered relationship. A higher production cost results in selling more coins to fund operations, while a lower cost structure allows for selling fewer coins for profits. The relationship between price and hash rate is dynamic, with both influencing each other alternatively, indicating a homeostasis between the two variables.
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