This is just a lie. Coindesk is the worst media in the world.
They can't calculate correct price of mining because it's more complex and enerrgy costs are different in so many regions and inside the electiric producers etc. !
Exactly: "The average production cost was sitting at $88,000 per bitcoin in mid-March". Emphasis on average. Just as in a free market, those miners with higher mining costs are priced out of the market. Or are pressured to become more efficient. Those that are below-average probably already are efficient.
did you calculate it with real inflation adjusted price? not the BS numbers in financial media, FED etc. Since 2020 unlimited printer, inflation is not few %.
yes but increasing solar will damage the energy lobby in the congress and other places. It's never about what is best, it's about what's best for lobby and their puppets
I like how they keep making BS names to create their financial engineering BS marketing and narrative going. so it's The Hateful Eight now what for this year and next? It used to be, FAANG, MAG7,ZIRP this, ZIRP that, Gamestop reaching to their FT stories and every news reporting at same week and so many made up BS from finance engineers.
Media is ready to lie to you and feed you BS, just waiting order(s) from finance dep.
reply