RE:RE:Understand the facts...ROB don't cut me wrong with the statment regarding the cost of mining. I am still on board, but I will look closely at the next finance review as they should increse mining instead of decreasing the number of BTC they mine.
Regarding your statement for the cost, you are right and wrong at the same time: In a 2015 paper, Investopedia writer Adam Hayes estimated a cost production model for bitcoin (of which energy was the main cost) and concluded that technological progress, in the form of faster and more energy-efficient hardware, would bring down the market price of bitcoin. Even as energy costs have declined, however, the difficulty levels for bitcoin mining have increased on an overall basis. With the exception of two instances, the difficulty levels rose consistently over the last year. This increases the cryptocurrency's hash rate and is necessary to ensure bitcoin’s security. Even though it costs more energy, a significantly difficult problem set translates to a more secure bitcoin network.
Halving of rewards for bitcoin mining from 25 to 12.5 has also ensured that mines have to work harder to earn the same number of bitcoins as earlier. Then there is speculation, which has played a prominent role in driving up prices for the cryptocurrency. Recent forks within the cryptocurrency have introduced new algorithms that require less processing power.
So, the solution look like new hardware and more hash rate, which they are doing.