Shouldn't higher oil prices mean higher energy prices, which means bitcoin mining is more expensive which would cause it to moon?
>what is mining difficultythe release schedule doesn't change with hashrate retard
>>61943764if mining is too expensive, then it becomes useless as a currency
>>61943764Iranians can mine BTC for $1000 (one thousand) per BTC.https://coinpedia.org/news/how-bitcoin-mining-in-iran-can-cost-just-1320-and-sell-for-68000/
>>61943764>bitcoin mining is more expensive which would cause it to moon?There is no reason why this would happen.
>>61947753How?
>>61947978allah wills it
>>61943764Who the fuck needs oil for this when alternatives work in all cases
>>61943764Higher oil prices mean that the government has to spend more to run it's operations, which means more money printing. That will cause the price to go up. The real question is: How much will the dollar be worth when Bitcoin hits $1 million.
