Topic: Bitcoin Will hit 5500 ? - page 6. (Read 875 times)
Seems we have to prepare more cash to buy the dip, it will drop to the significance level, can't resist the temptation obviously. I'm surprised that there are people willing to sell bitcoin at cheaper rates like below $6000, but there the list; miners, traders, and manipulators. Considering miners still gain profits after cover their expenses, there is no problem to keep selling bitcoin.
The unit price of electricity needs to be calculated well. There are also different situations for each device. The electrical consumption of the devices is not constant. They can have different electrical consumption at different temperatures. I don't think mining makes sense. Good research needs to be done.
Would be interesting to see that happen. I suspect the floor to be 4000
as worst.
If I have 100 th in the form of 2 s17 pro miners they earn
100 x 0.00001921 = 0.001921 btc a day or $7.684 if coins are 4000 usd
So they use 5kwatts an hour or 120 kwatts a day
at 5 cent power they cost six dollars to
so you clear $1.684 a day with 5 cent power and 4,000 usd coin price
at 6 cent power they cost 7.20 to run and they would only make a 48
cent profit.
So we could drop to 4k price in coin based on the s17 pro's earning price.
I do not see your 5500 guess out of line.
as worst.
If I have 100 th in the form of 2 s17 pro miners they earn
100 x 0.00001921 = 0.001921 btc a day or $7.684 if coins are 4000 usd
So they use 5kwatts an hour or 120 kwatts a day
at 5 cent power they cost six dollars to
so you clear $1.684 a day with 5 cent power and 4,000 usd coin price
at 6 cent power they cost 7.20 to run and they would only make a 48
cent profit.
So we could drop to 4k price in coin based on the s17 pro's earning price.
I do not see your 5500 guess out of line.
i think bitcoin will hiy 5500$ because of bitmex leavrage trading
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