Te my previous article empirical research analyzing the gegevens from a number of cryptocurrencies found that value formation occurred at the margin. Ter other words, it is how many units of a cryptocurrency can be found overheen some interval with a given amount of mining effort. What’s more is that because only Bitcoin has practical use-value for real world applications, a rational, profit-motivated miner will only mine for an altcoin if they can earn effectively more BTC/day than directing their hashing power at Bitcoin directly. Continue reading