I'm only guessing, most cryptocurrency valuations models I've seen are more inclined to pie-in-the-sky wishful thinking
tee hee
Anyway, the cost of producing the next BTC is in electricity, and as it gets more and more difficult to mine more and more electricity is used.
So … steal the electricity! That's what some are doing apparently:
- Authorities in China have arrested a man for allegedly stealing a significant amount of power in order to fuel a clandestine cryptocurrency mine
- Police in the eastern Chinese province of Anhui Province seized more than 200 computers used for bitcoin and ether mining after the local power grid company reported a spike in electricity use, according to Xinhua news agency.
- One suspect allegedly stole 150,000 kW hours of electricity
If the electricity comes free (and you don't get caught) then that's gotta weigh on the price, right?
And, BTC price update:
