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Kosta Ouzas explains why mining costs stay stubbornly high during turbulent periods. Once costs spike, they rarely drop back to previous levels, instead lingering elevated for roughly two years before settling into a new, higher baseline.
Kosta Ouzas explains why mining costs stay stubbornly high during turbulent periods. Once costs spike, they rarely drop back to previous levels, instead lingering elevated for roughly two years before settling into a new, higher baseline.
We are in this transition and we are not going in one place or the other, right? So there is this transition area going from one mode to the other mode. And usually we stayed there and we never went down. Now, there have been few occasions in the core power law where we went up and it was very temporary and we went back, but never the other way around. Where once we are in the turbulent region, we stay there for two years and then we go back.
