How Does the Concept of ‘Time Value’ in Options Relate to the ‘Cost of Work’ in Mining?

Time value in options is the premium paid for the chance that an option will become profitable before expiration, reflecting uncertainty and potential volatility over time. Similarly, the cost of work in mining represents the upfront expenditure (electricity, hardware) for the potential reward of finding the next block.

Both are economic concepts where an immediate cost is incurred in exchange for a future, uncertain, but potentially high reward tied to a time constraint.