It’s a hard number to come up with, currently it’s around $4500 on average for a miner to mine bitcoin depending on its location and energy cost. With the halvening coming in May, it should double somewhat.
When looking at assets if that what bitcoin is, I always look at the production cost like silver and gold. Can we see it dip to around $6400 this year give or take, I think so but it might be front ran around $7k for the pump toward 2020...
I’m just speculating like everyone else 😂
Yea, I am curious where you came up with that $4,500 number as it varies wildly depending on what part of the world you are in. Even using that number, which is on the low side from everything I have read, the cost to mine would jump significantly above that $6,400 number post halving, no?
It was an old average number a year ago, could be around $5000 now but it’s a guess and some calculation research from lots of articles.
Also institutions want to buy bitcoin lower and there time may come shorty so they can sell high in 2020.
My estimate would suggest it will cost like $7000-$8000 to mine bitcoin after the halvening. But what do I know, I’m just a STEEMIAN lol
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