Topic: Mining Difficulty Dictates Price? - page 2. (Read 4008 times)
Is this just old news or something?
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.
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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