firstly the SBI "gap" of hashrate. is only 2.3exahash
OUT OF 210 (~1%)
secondly
if we calculate the 2.3exa mining out of 900coins(210exa hetwork) a day
that ~1.1% is 9.9coins a day.
at a $12.5k mining efficient
costper btc (assuming high efficient asic and low electric cost)
lets call it 10btc a day for easy math = $125k cost a day
if they were mining that extra 2.3exawhich over a month is $3,640,000, which over 6 months(feb/august)
$21,000,000 = 2,874,070,500(yen) COST TO MINE THAT EXTRA 2.3exa
however the bitcoin PRICE is not $12.5k per btc. its $23k
meaning they would have got back
5288m yen from selling them extra 10btc a day for 6 months at current price
which sell - cost=profit of
5288-2874=2414m yen
approximately “2400 million yen”.
so its not a LOSS via outgoing costs..
its just a case of not generating 2400m extra income/profit potential due to lack of activity
its the same way of saying that an apple iphone retails at $600 with a cost of $400
and then stating
N.Korea population of 25m is a loss to apple of $15bill sales and $10bill profit due to no access to N.Korea
though in reality its not a Loss Loss. its just a lack of activity/opportunity to increase potential extra customers/revenue/profit
..
as i said they could have easily shipped out them asics to a neighbouring country and start mining again and then got themselves back upto 5.6exahash within a month
yea EU dont allow cross border shipping on their side but russia can ship out with their friendly neighbours on the other side of russia