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Topic: Mining Difficulty Dictates Price? - page 2. (Read 4009 times)

full member
Activity: 176
Merit: 101
Cryptographic money will be the bedrock in time.
December 10, 2013, 04:12:45 PM
#2
Is this just old news or something?
full member
Activity: 176
Merit: 101
Cryptographic money will be the bedrock in time.
December 10, 2013, 03:51:05 PM
#1
Have a look at the graphic below:



I used average price of BTC during each month since February 2013. I used Mt. Gox daily weighted prices.

Would love to hear back if there are any other resources where this subject is addressed. I realize that some have proposed that the price of bitcoin should never be higher than the cost to mine them which makes sense, but has anyone ever done an in-depth analysis of this across other commodities? Can we rely on the cost of mining as a good predictor of future BTC valuation?

Eager for some feedback.

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