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mathgeek 3 hours ago

It’s not a lie, nor a damn lie. It’s statistics!

littlecranky67 2 hours ago | parent [-]

Exactly: "The average production cost was sitting at $88,000 per bitcoin in mid-March". Emphasis on average. Just as in a free market, those miners with higher mining costs are priced out of the market. Or are pressured to become more efficient. Those that are below-average probably already are efficient.