$Grayscale Bitcoin Trust(GBTC)$ Things I’d like to share. I’ve seen post projecting doom and gloom for miners.
*Post mining costs per miners. I'm leaving out some that I never heard of. In $k:
Under ave cost:Cleanspark 26.9, Bitfarms 29.9
Above ave cost: TaraWulf 37.3, Iris Energy 36.5, Cipher Mining 40.3, Bitdeer 40.8, Riot 42.7, Hive 42.7. Marathon 47.4, BitDigital 54.6, Argo 65.3
Note: This isn't meant to be a ranking list to buy from. There are many other metrics to ponder. Just trying to illustrate that miners can and most likely be solvent after having. There are mechanisms built into the BTC code to in theory at least keep the efficient miners solvent.
** Other metrics to consider: Newer more efficient miners coming on line, BTC mined, BTC sold, BTC HODL, monthly revenue, BTC mined per 1 EH/s, operational EH/s, other revenue (cpu for AI)
Sources:
*TradingView charting news feed report of Cointelegraph article.
** Anthony Powers
Comments