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sigmadelta

6,789 Posts.

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06/02/18

21:20

Post #: 30869869
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Originally posted by skypiliot ↑

At these prices it is quite likely that some smaller miners have become uneconomical and temporarily withdrawn which should eventually in itself push up the price due to scarcity. The system in this regard works a bit like oil wells where if the price goes below an individual wells costs of production the well gets turned off .

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Except that oil is physical and cannot be created using a server. Scarcity doesn't guarantee utility.
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