Asked by
n0limitQuan n0limitVibes
on Dec 19, 2024Verified
Low-cost production is not important for Bitcoin miners since Bitcoin is intangible and exists only in cyberspace.
Bitcoin Miners
Individuals or companies that use computer hardware to validate Bitcoin transactions and secure the network, earning bitcoins in return.
Low-cost Production
Manufacturing or production processes optimized to minimize costs, often through economies of scale or efficient methods.
- Absorb the foundational concepts of economic efficiency and the determinants that support it.
Verified Answer
MR
Learning Objectives
- Absorb the foundational concepts of economic efficiency and the determinants that support it.