This On-Chain Indicator Is Unequivocal: Bitcoin Is Far From Having Reached Its Peak This Cycle.
Some food for thought.
It's always difficult to accurately measure the average cost of producing a Bitcoin. Indeed, the decentralized nature of the Bitcoin system means that anyone, anywhere in the world, can connect to the network and attempt to obtain the reward associated with the next block of transactions successfully added to the Bitcoin blockchain.
As a result, the cost…
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