Bitcoin production requires energy (mining requires complex calculations, which need computing power, which needs energy).
09 Dec 2022, 12:30
Bitcoin production requires energy (mining requires complex calculations, which need computing power, which needs energy).
There have been only four periods where $BTC price was below the electricity cost required to produce Bitcoin.
One of these periods just passed.
There have been only 4 periods ever of price below global Bitcoin Electrical Cost. A price point which has been a historical floor for Bitcoin. All looked like incredible buys in hindsight. You wanted to buy below electrical cost? We had a month there and now it's gone.