Bitcoin’s PoW consensus mechanism is secured by consumption of electricity, this is what makes each newly mined Bitcoin have value. The newest model to predict Bitcoin price is based on this minimum Cost of Production (COP) for newly mined Bitcoin, and its accuracy is startling. New model correlates with S2F and Bitcoin’s parabolic curve In the Bitcoin white paper, Satoshi laid out his vision for how Bitcoin’s incentive structure for miners mirrored that of physical […]
