BTC mining cost and price correlation

Discuss.
How low would miners let the price go? What and how much power do they hold in manipulating the price? How much BTC do the biggest miners hold?

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Probably several countries have their smaller miners shaken out by now because their electricity prices don't allow for profitable mining anymore.

Cloud mining companies have already stopped payouts.

Please observe my practically triple dubs and join me friends.

The only country that matter is China desu so around 3k and they are still making money

FYI

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They did? I didn't know that.
I imagine that the price depends on nothing but on the big mining pools trading habits, since I assume they are also the biggest holders. I might be wrong though.

Yeah, China is the only place that matters here. Are they going to be the last man standing though this time?

thats right

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sure but dont believe this shit with china being the only place in the world where you get to mine cheap bitcoin
its just rubbish
industrial electricity cost is dirt cheap in germany

How much is that in usd? $20?

also think other large energy consumers in eastern europe etc
low cost bitcoin would shake out amateur miners and most small scale but not all except china

much less

lawyers salary is $60 / month


the absolute state of socialism

how widespread is crypto in the younger generations? what money is used to trade, lets say, a car?

^none of this matters when you have someone paying electricity for you. Ha, imagine the sorry sap who doesnt know where his large spike of usage is coming from
>inb4 utility meter

> lawyer salary is $60/month in Venezuela.

Fuck off Communist shill. It is about 5$ per month.

kek

I live in USA and have Vzlan friend with relatives living in Vzla that are begging him for $20 every month so they can eat.

And niggers and spics in NY electing puerto rican whores like Acasio Cortez. They should be all shoot.

There was someone on Jow Forums last year who claimed to have installed mining equipment in the offices he was renting out to businesses. And then he charged them for the electricity cost. It was all sheer evil genius. Don't know if it's true though.

crypto Is huge but not mainstream

I decided to relocate and take all my American ideas to gran colombia

www.usatoday.com/story/money/personalfinance/retirement/2018/07/07/done-working-heres-where-you-can-retire-nicely-just-30-000-year/760387002/


from the 5 one has USD currency


yw

miners in china haven't been getting access to the preferential rates for power for months; almost everyone has moved much of their operations out of china, to places such as canada

>mfw korean price
no wonder they overpay for shitcoins

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Very interesting if true.

albania seems like it coul dprofit from the whole thing.....its still in europe and relatively close to the eu....if i had money (italyfag) i would allocate some of it on making a little mining farm in albania...
unfortunately crypto is basically illegal there but i would guess that because the country is doing so bad and corruption is rampant if you know the right people you could easily bribe you way...