s21 about 90 kwatts a day
so
10 cents is 9.00
9 cent is 8.10
8 cents is 7.20
7 cents is $6.30
6 cents is $5.40
5 cents is $4.50
4 cents is $3.60
3 cents is $2.70
2 cents is $1.80
1 cents is $0.90
200 th x 5 cents is $10.00
right now 67k price nets 11 cents
after the ½ ing we will be near 5 or 5.5 cents
so the s21 is tight at 67k and 10 cent power after the ½ ing
as 10- 9 = 1 dollar
but if price was 44 it would earn around 6.60 a day
and you would need 6 cent power
as 6.60- 5.40 = 1.20
lastly
at 33k
it would earn 5 a day
you would need 4 cent power as
5-3.60= 1.40
I doubt the net work is all s21 say 17 watts a th
the network is likely 20-22 watts a th or even 28 watts a th.
which makes for a lot more calculations.
also people will shut down.
the question is how many 6 cent places with s19 pro at 30 watts are there? as they are dead at the ½ ing.
Topic: Lowest Bitcoin mining cost - page 2. (Read 739 times)
The last time I calculated the capitulating price for miners in post halving, it was at 37000$.
I am a Bitcoin mining expert and consultant and regarding my experience, the least energy price in the market is around 2.5 $cent/kwh (Which is quite rare!). so the minimum price typically starts from 3 $cent upto 4.5 $cent for industrial mining. (and 5$cent for smaller ones)... You whether need to buy in-scale capacity of electricty from power plant companies (50 MW or above) or you should be smart enough in finding intact/virgin places with cheap energy resources that are not affordable to be utilized in normal consitions!
The normal energy price for Bitcoin mining is sth in the range of 3-5 $cent....In the non-US countries, ususally the cheap source of energy is from Hydro plants...However, middle east is going to be a new player especially UAE! They can break the prices in below 3$cent
Is $37,000 the price of surrender for miners after the halving of the entire world or for an individual country? or is this the average?I am a Bitcoin mining expert and consultant and regarding my experience, the least energy price in the market is around 2.5 $cent/kwh (Which is quite rare!). so the minimum price typically starts from 3 $cent upto 4.5 $cent for industrial mining. (and 5$cent for smaller ones)... You whether need to buy in-scale capacity of electricty from power plant companies (50 MW or above) or you should be smart enough in finding intact/virgin places with cheap energy resources that are not affordable to be utilized in normal consitions!
The normal energy price for Bitcoin mining is sth in the range of 3-5 $cent....In the non-US countries, ususally the cheap source of energy is from Hydro plants...However, middle east is going to be a new player especially UAE! They can break the prices in below 3$cent
I don’t know the mining conditions in many countries, but in Russia, even at a price of $30,000, miners will work with a profit after halving.
The last time I calculated the capitulating price for miners in post halving, it was at 37000$.
I am a Bitcoin mining expert and consultant and regarding my experience, the least energy price in the market is around 2.5 $cent/kwh (Which is quite rare!). so the minimum price typically starts from 3 $cent upto 4.5 $cent for industrial mining. (and 5$cent for smaller ones)... You whether need to buy in-scale capacity of electricty from power plant companies (50 MW or above) or you should be smart enough in finding intact/virgin places with cheap energy resources that are not affordable to be utilized in normal consitions!
The normal energy price for Bitcoin mining is sth in the range of 3-5 $cent....In the non-US countries, ususally the cheap source of energy is from Hydro plants...However, middle east is going to be a new player especially UAE! They can break the prices in below 3$cent
I am a Bitcoin mining expert and consultant and regarding my experience, the least energy price in the market is around 2.5 $cent/kwh (Which is quite rare!). so the minimum price typically starts from 3 $cent upto 4.5 $cent for industrial mining. (and 5$cent for smaller ones)... You whether need to buy in-scale capacity of electricty from power plant companies (50 MW or above) or you should be smart enough in finding intact/virgin places with cheap energy resources that are not affordable to be utilized in normal consitions!
The normal energy price for Bitcoin mining is sth in the range of 3-5 $cent....In the non-US countries, ususally the cheap source of energy is from Hydro plants...However, middle east is going to be a new player especially UAE! They can break the prices in below 3$cent
Texas-based bitcoin mining firm Cormint reported that it mined 154 BTC in Q4, ending the year with a nameplate hashrate of 960 PH/s and 539 BTC on its balance sheet.
As a privately-owned bitcoin mining operation, Cormint joins a list of public peers in disclosing critical bitcoin mining operational statistics on a quarterly basis.
The company said in a release on Feb. 18 that it recorded a direct cost of bitcoin production of $9,463 per BTC mined in Q4, with a full-year average of $9,177 for mining a total of 510 BTC. Cormint claimed that its average power price was $28/mWh in 2023.
Factoring in other corporate overhead in addition to the direct cost of bitcoin production, Cormint reported an all-in mining cost of $19,255 per BTC for the full year of 2023.
https://theminermag.com/news/2024-02-21/cormint-bitcoin-mining-cost/
As a privately-owned bitcoin mining operation, Cormint joins a list of public peers in disclosing critical bitcoin mining operational statistics on a quarterly basis.
The company said in a release on Feb. 18 that it recorded a direct cost of bitcoin production of $9,463 per BTC mined in Q4, with a full-year average of $9,177 for mining a total of 510 BTC. Cormint claimed that its average power price was $28/mWh in 2023.
Factoring in other corporate overhead in addition to the direct cost of bitcoin production, Cormint reported an all-in mining cost of $19,255 per BTC for the full year of 2023.
https://theminermag.com/news/2024-02-21/cormint-bitcoin-mining-cost/
Argo Blockchain capitalized on economic curtailment strategies at its Helios facility to accrue $4.4 million in power credits against high electricity prices, contributing to a mining margin increase to 58% in Q3 from 36% in Q2 2023.
Moreover, the company reduced the average direct cost per Bitcoin (BTC) mined by 33%, from $17,566 to $11,736. The firm also reported a reduction of 11% in recurring non-mining operating expenses and a positive Adjusted EBITDA of $3.1 million for the quarter, with a nine-month tally of $5.4 million.
https://www.financemagnates.com/cryptocurrency/argo-blockchain-q3-revenue-clouded-by-net-loss-despite-cost-cuts/
Argo Blockchain also benefits from the Texas Electric Demand and Response program.
Moreover, the company reduced the average direct cost per Bitcoin (BTC) mined by 33%, from $17,566 to $11,736. The firm also reported a reduction of 11% in recurring non-mining operating expenses and a positive Adjusted EBITDA of $3.1 million for the quarter, with a nine-month tally of $5.4 million.
https://www.financemagnates.com/cryptocurrency/argo-blockchain-q3-revenue-clouded-by-net-loss-despite-cost-cuts/
Argo Blockchain also benefits from the Texas Electric Demand and Response program.
How many bankruptcies will there be if the ETF in the US is not launched and the price of Bitcoin begins to fall?
We could ignore all the uncertainly surrounding the price movement and work with the incredible event of the halving, the halving is projected to take place around mid-April next year, probably sooner given the pace at which we are finding blocks, this means in 4.5 months rewards will be cut in half, what happens in the following weeks after the halving will be a survival of the fittest.
Post that, nobody will come out as profile or as strong, the halving will leave a huge scar on every miner including those who manage to stay, because there is just no way on earth that a 50% reward reduction would cause a 50% drop in difficulty, it never happened and it will never happen, however, what happens 4-6 months past that is going to be key, many companies and even small miners will have to reevaluate their positions, things will get ugly if the price doesn't spike to compensate the loss in the rewards.
other companies also show good results in the 3rd quarter. the cost of mining coins is at least 2 times less than the market price and mining companies continue to buy new ASICs before halving.
How many bankruptcies will there be if the ETF in the US is not launched and the price of Bitcoin begins to fall?
How many bankruptcies will there be if the ETF in the US is not launched and the price of Bitcoin begins to fall?
This is an excellent practice, because in Russia they destroy electricity or reduce power at thermal power plants so that they produce less electricity.
What do you think is the price of this electricity, if the riot company has such a low cost of Bitcoin mining?
What do you think is the price of this electricity, if the riot company has such a low cost of Bitcoin mining?
The average cost to mine Bitcoin was negative ($6,141) in the third quarter, as compared to $8,227 per Bitcoin for the same three-month period in 2022.
Earned $49.6 million in power curtailment credits during the quarter, as compared to $13.1 million in power curtailment credits earned for the same three-month period in 2022.
https://www.riotplatforms.com/riot-platforms-reports-third-quarter-2023-financial-results-current-operational-and-financial-highlights/
I'm shocked by this data. For a Russian apartment miner with an electricity price of 2 cents and a complete absence of additional expenses and taxes, the cost of bitcoin mining will be more expensive. What's the magic here?
Earned $49.6 million in power curtailment credits during the quarter, as compared to $13.1 million in power curtailment credits earned for the same three-month period in 2022.
https://www.riotplatforms.com/riot-platforms-reports-third-quarter-2023-financial-results-current-operational-and-financial-highlights/
I'm shocked by this data. For a Russian apartment miner with an electricity price of 2 cents and a complete absence of additional expenses and taxes, the cost of bitcoin mining will be more expensive. What's the magic here?
they act as a statewide resistor for excess power on Texas power grid.
but they shut off in the summer months and get a bonus for the power company.
ie
Jan-March they burn the states extra power
April-June they burn the states excess power
July-Sept they shut down farms to let the grid run air conditioners in peoples homes.
Oct-Dec they burn the states excess power
Note Texas is a large state with its own power grid.
They have solar
They have windmills
They have flare gas generators
so the state has excess power 9 months a year.
and they sell it to riot
but riot gets money to turn gear off in the 3 hot months
The average cost to mine Bitcoin was negative ($6,141) in the third quarter, as compared to $8,227 per Bitcoin for the same three-month period in 2022.
Earned $49.6 million in power curtailment credits during the quarter, as compared to $13.1 million in power curtailment credits earned for the same three-month period in 2022.
https://www.riotplatforms.com/riot-platforms-reports-third-quarter-2023-financial-results-current-operational-and-financial-highlights/
I'm shocked by this data. For a Russian apartment miner with an electricity price of 2 cents and a complete absence of additional expenses and taxes, the cost of bitcoin mining will be more expensive. What's the magic here?
Earned $49.6 million in power curtailment credits during the quarter, as compared to $13.1 million in power curtailment credits earned for the same three-month period in 2022.
https://www.riotplatforms.com/riot-platforms-reports-third-quarter-2023-financial-results-current-operational-and-financial-highlights/
I'm shocked by this data. For a Russian apartment miner with an electricity price of 2 cents and a complete absence of additional expenses and taxes, the cost of bitcoin mining will be more expensive. What's the magic here?
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