Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bikerleszno
on 19/11/2018, 22:20:31 UTC
One question. What is must be bitcoin value to bring bitcoin miners any profit? Now I feel they are loosing right?

Someone posted a chart yesterday where average mining cost was ~$3200, so I guess they're still profiting. Depends where you mine and buy your electricity of course.

That is the electricity only cost of producing a bitcoin if you are paying ~$0.05 per kWh and doesn't include the cost of air conditioning, facilities, employees, or return on capital. Electricity is probably only 50% of the true cost of running a profitable mining business.

Still how much is taking one device to produce 1 bitcoin?