What you guys think about Braiins approach of calculating the cost of production of 1 Bitcoin on their site? I see they end up mixing CAPEX with OPEX, but I can agree with the approach at least until we don't reach ROI.
It's a calculator, the only difference is that it shows you how long it will take you and what cost till you mine exactly 1 BTC.
They basically show you how much you pay a day and calculate the revenue in satoshi, unlike traditional profitability calculators (they have one too).
The thing is that you still have to insert the hashrate, the power consumption, the electricity price, things that you know for yourself, but a thing that nobody knows for an entire country, even the price per kWh, let alone the number of different gears. Of course, you could say, I'm in Germany I have 40cents per kWh, I have an S19j it cost me this to mine a
BTC but that doesn't make it a rule for the entire country. As I said previously, on those numbers I wouldn't be mining at all.
Oh, something interesting from the previous calculator:
70 ICELAND $24,294.63 $-2,253.03
71 CANADA $24,493.76 $-2,452.16
79 CHINA $25,489.45 $-3,447.85
This is just lol material, 3 countries known for mining would be mining at a loss now.
Interesting. And yet most mining as far as I know comes from Kasachstan?
Kazakhstan was never ranked number 1, and with current events there I think it will be close to impossible to rank 1 even if we break the US by states.