Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Electricity Consumption
by
Charles-Tim
on 23/12/2020, 07:58:42 UTC
So, I guess the question is, what is the feasible price of bitcoin when considering other objective functions such as environmental sustainability?
I think you question is not correct, the price of bitcoin is not determined by electricity or such other factors than the factors that can directly or indirectly affect the price of bitcoin. But I guess your question is what is the profit from bitcoin mining after considering all factors that can lessen the profit', factors like electricity cost and the likes. If that is the case, you will need to talk more about your region because the cost of electricity will be costier from one region to another.

For example
If you are in a cold region, you will spend less on electricity because your cooling equipments will not be used often
Also available of equipments like miners and other mining hardwares
The cost of electricity
Cost of labour in case you employe people to do one work or the other for you and pay them

Then, after determine these, you can be able to determine the net profit of bitcoin mining.