Your asking price is what someone is willing to pay, which is what we call the market value. Note that mining Bitcoin is very different from mining gold, say. Gold’s intrinsic value goes well beyond its minability, as it is desirable for many other reasons outside of its market value. Comparing Bitcoin mining to gold mining is, you guessed it, an example of Lie #1. Since Bitcoin is in a bubble, it’s only a matter of time until its market value resets to a number closer to its intrinsic value.

Source: Forbes December 09, 2017 15:56 UTC