Can anyone show me proof that Bitcoin has fallen below the world average cost of production?
Discussion
Can you even measure the average cost of production? That's what the communists thought and we all are seeing how that goes.
I mean the hash rate is correlated to the world average cost of production. So I would say yes you can. Basically hash rate is how many people are on the network mining for btc as hash rate increases cost of production goes up.
I want to know if in a downturn as retail bitcoin price falls has it ever fallen below the world average cost of production. Because if it hasn't then we can assume that it won't ever. That gives me a better idea of how to leverage in and out and make the most for my value in the downturn.