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Old 17th June 2020, 11:43 PM   #607
psionl0
Skeptical about skeptics
 
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Originally Posted by Roger Ramjets View Post
Conclusions like "the Antminer S9... Given current difficulty, 0.04$/kWh and S9 running custom firmware bringing it down to 71W per TH efficiency. The cost to mine 1 BTC is $8206.64"? Is that data not 'raw' enough for you?
Certainly not! It is just a single data point and provided none of the raw data that lead to this conclusion.

Originally Posted by Roger Ramjets View Post
The proximate cost of mining Bitcoin is the difficulty level. This has nothing to do with the price.
And what do you think drives this difficulty level (attracts more miners)?
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975
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