Very interesting video and comparison. But this does not mean the bottom is in. What is does show me is that if we fall to $3500 we will go back up again as the average mining cost is much higher than $3500.
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I agree. I forgot to add the article with all the costs per country. Here we go: https://www.marketwatch.com/story/heres-how-much-it-costs-to-mine-a-single-bitcoin-in-your-country-2018-03-06
I see South Africa is at $5948. And I thought we had cheap electricity?
And China is at $3172. I think most mining is in China. So does that mean we will go down to $3172?
Unfortunately, yes it could go down to $3172. Tone Vays has a target of $3500. So maybe he is right?
Hope not