Mining Reduces The Price Of A Cryptocurrency? The Basic Economy Lesson

August 14, 2022

There is a dumb idea spreading amongst miners and crypto investors. Many of them believe that when more miners start mining some cryptocurrency. This cryptocurrencies price will go up. It's very important to explain why the price will go in the opposite direction. More miners mean that more tokens will be produced. More tokens mean more people are going to sell them. Especially miners will be willing to do it because they have high monthly electricity costs. Remember: increased supply always reduces the price.

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