[svandamme]

I wonder how far their mining cost is in fact driving energy prices up.
in Europe electricitiy is all time high , in part due to nuke plant shutdowns after fukushima and in part due to high gas prices due to Ukraine and I believe in part due to increased usage from all the mining.

So if the price and costs cross and they all shut down their mines.
how much capacity will release and thus reduce pressure on energy market, thus dropping the cost again?



I'de expect some yoyo effect...

imho they should just ban mining just like the Chinese already have. Keep in mind much mining is also done with illegal power taps and the general public pays for all that crap.
Those who do it illegally its all profit and thus non incentive to stop from high prices.