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RE: Bitcoin TA - summary of analysts - 12. June 18

in #bitcoin6 years ago

No the breakeven point now is between 4-6k depending on where you are mining. But only the most efficient miners can make the 4k mark. Most are between 5 and 6k
Example electric where I'm at and facility for 27 s9 is 83.00 per day
So 83 * 30 = 2490. S9 electricity and cooling.
facility = 650 per month.
3140 per month total in the summer
i can mine about .0007 per miner
per day .0007 * 27 = .0189 per day * 30 = .567 per month
Revenue at 6k = .567 * 6000 = 3360
Now granted I use my space and some electricity for other purposes
So as you can see 6k is about where I start to lose money.
This dose not even include the cost of the miners.
If the price stays low for very long miners will shut down and investors will pull out and btc will have to fork and reset the difficulty. You will never mine all of the coin in the current difficulty with half or more of the miners off line.
Now I'm not in an ideal area but neither are about 20 - 30 % percent of the miners or more.
Some have it worse some have it better.