Nostr Web Client

https://on.soundcloud.com/SWxw6

this is a long talk but when you get to the cypto section it will be explained

but basically you get BTC two ways buy it or mine it if it's less expensive to mine it will bring price down and vice versa

Baz. 2y ago

So market participants either buy BTC with cash, or the mine it. Ok.

Doesn't the difficulty adjustment take price out of the equation? - there is only so much block reward, and it is doesn't matter how much mining you do, you can't mine more (or less).

The marginal price of mined BTC will (eventually) follow the value of the block reward.

Reply to this note

Please Login to reply.

Discussion

Baz. 2y ago

Value of block reward = ((subsidy+fees) * BTC market price)