Do Miners Push Up Production Cost of Bitcoin? \ stacker news ~bitcoin
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Do Miners Push Up Production Cost of Bitcoin? \ stacker news ~bitcoin
So, I asked (this question)[https://stacker.news/items/1015805] a while back, and could get an answer. Since then I thought and read a bit about it. And this is a hypothesis (which may be incorrect, or may be obvious to some). As the block subsidies are independent of the number of miners (hence, the rate of new bitcoin production), more miners mean globally more energy spent mining each block, hence it raises the production cost of Bitcoin? Do …
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