The cost of mining before halving is 14-20 thousand dollars,
Please don't go with this standardized cost of mining.
This is just a gimmick invented by some bored blogger who had no article to write to make his quota.
You can read what other miners, not just me think of it here:
https://bitcointalk.org/index.php?topic=5405856.0Here on this board there are members with a far lower mining "cost" per BTC and I was one of them too prior to my contract expiring which had way better rates than anything you can possibly get in Europe nowadays. There is no such thing and for sure it ain't in some 25% margin, there are some who average spend 1/5 of a
BTC to get one and there are some who mine at break-even point because if they don't they will have to sell all their assets to cover credits and loans.
Buying gear in a bear market is what everyone recommends. These S19j Pro's were selling for $13,000 USD at the peak so I am buying them at an 85% discount.
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7cents per kw is not far from what the large mining farms are paying.
Of course, buying gear when it's 5x times cheaper is obvious, the thing is that not even that alone can sometimes offset the energy prices.
Let's look at the 7 to 5 cents difference.
3000W running 24 hours is 72kwh, in one instance it is $5.04 in the other is $3.60.
Earnings right now are at 0.06 per th/s so that's $6.60 per miner.
The first miner makes $1.56 second one makes $3, 25% drop in price, and the first miner mines at a loss the second one still makes $1.4.
Same for a difficulty increase with linear price.
Also note, it's not that I'm telling you my crystal ball is 101% sure you're going to lose money, what I want to point out is the risks of doing so and if the KYC thing and the DCA income are enough of an offset for the pain in the ass those miners might turn out to be. Canada you say, so no much of a heat issue but noise and maintenance will still be around.