Here's something worth examining: Bitcoin's price has never held below its electrical production cost over any meaningful period. This isn't coincidence—it's economics at work. When mining becomes unprofitable, hash rate drops, difficulty adjusts downward, and the network self-corrects. The cost of electricity essentially acts as a hard floor under BTC valuation. Miners' break-even threshold becomes the market's natural support level.
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BlockImposter
· 8h ago
Is electricity cost really that hardcore? I remember during the 2019 bear market, some miners held on until bankruptcy...
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ApyWhisperer
· 20h ago
Electricity cost is really the bottom line for Bitcoin; this logic is quite solid.
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RamenDeFiSurvivor
· 20h ago
Damn, this logic sounds solid... Is the electricity cost really the floor price of BTC?
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RektButSmiling
· 20h ago
Is the mining cost the bottom price? Then why did it drop so badly last year?
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LiquidityWitch
· 20h ago
Is electricity cost the support level? This logic somehow feels a bit off to me.
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SatoshiSherpa
· 20h ago
Mining costs are the bottom line; this logic makes perfect sense.
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TokenVelocity
· 20h ago
This logic sounds great at first, but can electricity costs really be considered a hard bottom line? Given the huge global differences in miner cost structures, how is it calculated?
Here's something worth examining: Bitcoin's price has never held below its electrical production cost over any meaningful period. This isn't coincidence—it's economics at work. When mining becomes unprofitable, hash rate drops, difficulty adjusts downward, and the network self-corrects. The cost of electricity essentially acts as a hard floor under BTC valuation. Miners' break-even threshold becomes the market's natural support level.