Re:Ethereum will use around 99.95% less energy post merge
by thekyle on Tuesday May 18, 2021 @06:50PM
(#27202286)
> The price of Bitcoin converges towards the price of mining it.
Isn't it the opposite. The cost of mining converges towards the current price of Bitcoin. Because when miners get Bitcoin as a reward they immediately sell it for profit.
Isn't it the opposite. The cost of mining converges towards the current price of Bitcoin. Because when miners get Bitcoin as a reward they immediately sell it for profit.