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February 13, 2023, 03:48:10 AM |
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@mindrust. I disagree. Higher expenses on mining bitcoin will not cause the price of bitcoin to pump. What it will certainly do is cause the miners in Kazakhstan is sell their bitcoin now to pay for the expenses to transfer their mining equipment somewhere else, very much similar to the cryptomining ban in China.
However, this will be bullish for the other miners outside of Kazakhstan because mining difficulty will fall and this will give them a good chance to increase their share of the total hashrate.
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