when the hashrate was in the 220exa region at the first half of the year. the mining cost bottom was about $15k
Oh really, 15k?
But, but, there was one guy called franky1 who said that during the first part of the year at 200Exa the cost is impossible to go below 28k...
if you do the math.. at the $0.04/kw and the hashrate now.. its about $29kish/btc..
value is not TODAYS mining cost of ~$28k-$29k in cheapest regions
i was talking about the bottomline.. the ultimate bottom. (emphasis when i said 'no one on the planet')
yes someone in iceland/kazahkstan can mine bitcoin for $25k/coin. but there is no one below them that can mine for less
Since you obviously know what you're talking about can you do me a favor and teach this guy who I've quoted above to keep his mouth shout when it comes to mining costs or mining price or anything related to mining as it's clear with every post he makes every month that he has zero clues what he's talking about?
And he kept on babbling about the minimal cost from 40k to 35 k to 30k to 25k...and he keeps on babbling , he just can't stop
so lets imagine a scenario:
network was 200exahash
~
bitmain now have an average cost of $31,350/btc so wont sell for less than this.