Rough Cost of Mining 1 BTC

[Anonymous No.9618377]

>Get cheapest electricity rate in USA 4.13¢/kWh
>Absolute most efficient miner Antminer S9i

Electricity cost alone to mint one bitcoin is $ 1,804.97 (one month timeframe-44 miners)

>Assume extremely optimistic 24 month lifespan of miner

Add depreciation at $1,450/month

Cost to mint one BTC for first six months adding in +4% increase for difficulty each month

1st - $3,271.00
2nd - $3,401.84
3rd - $3,537.91
4th - $3,679.43
5th - $3,826.61
6th - $3,979.67

This is an extremely optimistic scenerio

Add in other costs such as downtime, labor cost, bandwidth, property taxes, and you're probably at 4k and above


In gold mining price occasionally falls below cost of production shortly

I think 3-4k is reasonable price to hit but not for long

[Anonymous No.9618410]

>>9618377

You made a error

[Anonymous No.9618423]

>>9618410
no

[Anonymous No.9618430]

>>9618377
what about using the heat from the miners to reduce the cost of living? you didnt factor that in did you? Smart appliances that actually make you money using them? HMMM thats a game changer aint it?

[Anonymous No.9618434]

>>9618430

>using the heat from the miners to reduce the cost of living
>reduce the cost of living

living is literally becoming worthless

[Anonymous No.9618459]

>>9618434
you didnt answer my question
what if your fridge, hot water heater, dryer/washer all mine bitcoin for you when they run?

[Anonymous No.9618489]

>>9618410
You made an error

[Anonymous No.9618502]

>>9618430
cook ramen on your gpus

[Anonymous No.9618514]

>>9618459
That extra 20 cents they give me will r-really help m-me anon kun. P-please make it s-so

[Anonymous No.9618523]

>>9618459

[Anonymous No.9618528]

>>9618459
>implying i don't have a raspberry pi on my samsung fridge mining .00021 BTC every week

[Anonymous No.9618541]

>>9618528
more like .0000021