Topic: Price cannot go less than $40.41 - page 2. (Read 2598 times)
you are wrong, because most of bitcoins that exists today were mined very cheaply. more likely difficulty will drop after price fall.
Don't forget that if prices fall below that, mining resources will be taken offline, hence the difficulty will drop.
That's the amazing thing about BTC- it's a self-regulating system in its design!
That's the amazing thing about BTC- it's a self-regulating system in its design!
Current mining:
Difficulty: 7,672,999
62,172.58 GH/s
969.89 megawatt hours
$145,483.85 / day
3600 bitcoins created / day
$145,483 / 3600 = $40.41
If you want fundamentals. You cannot charge less for a product than it takes to produce.
But for every product you buy you have to consider:
cost of production + cost of distribution + cost of retail + cost of marketing at the very least.
Price rarely dips below difficulty for this reason.
Difficulty: 7,672,999
62,172.58 GH/s
969.89 megawatt hours
$145,483.85 / day
3600 bitcoins created / day
$145,483 / 3600 = $40.41
If you want fundamentals. You cannot charge less for a product than it takes to produce.
But for every product you buy you have to consider:
cost of production + cost of distribution + cost of retail + cost of marketing at the very least.
Price rarely dips below difficulty for this reason.
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