User:
iva.paz.chainPlagiarismMining Cost per BTCBTC
Decrypting a block of the Bitcoin network requires a very high energy cost, but it is not the
only operational cost. Producing 1 Bitcoin specifically refers to enabling it on the market
(remember that there are only 21 million Bitcoins created), and this work entails a series of
other costs, fixed and variable, associated with the cryptocurrency mining industry and that
should be considered.
The mining industry must face depreciation costs for mining equipment and infrastructure,
energy costs, maintenance, cooling, rent, taxes, administrative, etc.
In Trading Different, we calculated this Costs, making an indicator we many other variables that hepls to understand the market and predict the price.
The graph shows the production cost of 1 Bitcoin, represented by the orange line. This cost
is an important indicator of market health as it allows investors to understand whether they
are buying Bitcoin above or below its production value. This indicator is useful for all
investors, both long and short term.
Holders can make a better investment by seeking to buy when the price is at cost, or on sale
below it. While traders can better identify the direction of the market in a macro structure.
Source
https://tradingdifferent.com/download?file=YnRjLXN1cHBsaWVyLW1vZGVsL2J0Yy1zdXBwbGllci1tb2RlbC5wZGY%3DThe mining industry must face depreciation costs for mining equipment and infrastructure, energy costs, maintenance, cooling, rent, taxes, administrative, etc.
The graph shows the production cost of 1 Bitcoin, represented by the orange line. This cost is an important indicator of market health as it allows investors to understand whether they are buying Bitcoin above or below its production value. This indicator is useful for all investors, both long and short term. Holders can make a better investment by seeking to buy when the price is at cost, or on sale below it. While traders can better identify the direction of the market in a macro structure
