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What is the average cost of mining 1 Bitcoin (BTC) worldwide?

What is the average cost of mining 1 Bitcoin (BTC) worldwide? submitted by hexmap to Bitcoin [link] [comments]

Accurate measure of cost of mining 1 Bitcoin

Perhaps someone can shed some light or point to a good resource where I can find how break-even price of mining 1 BTC has changed over time, by country and/or average?
This metric seems to be very important affecting the price of Bitcoin itself. I'm very curious to plot a moving log-ratio of price-to-mining cost or BTC / C(BTC), where C() is the cost function.
I'm more than sure this multiple is asymptotically approaching 0 the further in time the data goes but regressing on these values might be a good method of approximating the price going into the future.
submitted by khalifazada to Bitcoin [link] [comments]

What is the average cost of mining 1 Bitcoin (BTC) worldwide?

What is the average cost of mining 1 Bitcoin (BTC) worldwide? submitted by vegasbooty to Cryptoandme [link] [comments]

Auto Post from Bitcoin: What is the average cost of mining 1 Bitcoin (BTC) worldwide?

Auto Post from Bitcoin: What is the average cost of mining 1 Bitcoin (BTC) worldwide? submitted by bunnywinkles to Crypto_Warriors [link] [comments]

Visualized: the cost of mining 1 bitcoin calculated for every US state

Visualized: the cost of mining 1 bitcoin calculated for every US state submitted by corgis-ftw to dataisbeautiful [link] [comments]

The cost of mining 1 Bitcoin in your country

The cost of mining 1 Bitcoin in your country submitted by MoonMan_666 to Cryptocurrency247 [link] [comments]

"Bitcoin [Core] mempool is blowing up right now, to me it looks like a primary miner is cutting off mining to grow the transaction fee cost... there are 1 hour intervals with no blocks mined, about an hour ago there was a huge chunk of low cost transactions thrown into the network.."

submitted by Egon_1 to btc [link] [comments]

Hut8 Mining 3rd Quarter Results: Mined 1,965 Bitcoin at a Cost per Bitcoin of US$4,363 - Listed on The Toronto Stock Exchange

submitted by Fiach_Dubh to Bitcoin [link] [comments]

Hut8 Mining 3rd Quarter Results: Mined 1,965 bitcoin at a Cost per Bitcoin of US$4,363

Hut8 Mining 3rd Quarter Results: Mined 1,965 bitcoin at a Cost per Bitcoin of US$4,363 submitted by Fiach_Dubh to BitcoinCA [link] [comments]

Cost to mine 1 Bitcoin is now $14,000 USD. "Bitcoin Price Chart Fractal Seen in 2019 Hints at $14K Within Months". I bet BTC price ascends to $14,000 in next 30 days! NewYorkCoin (NYC) is a faster, no fee version of Litecoin since 2014! Official New York Coin nycoin.net | newyorkcoin.net

Cost to mine 1 Bitcoin is now $14,000 USD. submitted by hivewalletvictim to NewYorkCoin [link] [comments]

AITA? Drugged up uncle smashed my mining pc, cost me in excess of 1.5 million NZD in bitcoin, so I'm not talking to him.

To expand on the title through 2011 to 2013 I was mining bitcoin, I was helped by some Russian dudebros I had met on a now defunct console jailbreaking site(not doing anything illegal, I just like homebrew shit ok). They got me into a very decent mining pool. Stepped me through what I could do to turn my shoddy laptop into a usable mining device and they paid me in small increments of bitcoin for editing crap they had written in English but had gotten things like past/present/future tenses and plural/singulars of nouns wrong.
Through 2011 to 2013 I had mined, been paid, and otherwise collected a total 138 bitcoin. Mid 2013 said uncle smashed my mining pc "because I was always on it"(False. I needed that fucker to mine, and to talk specifically to "the dudebros", I was always on my OTHER pc, and my ps3) and because I wasn't up at 5 fucking A M to help his coked up backside go milk cows.
I had initially started mining as a spite investment(not the part I want to be judged on, I know this part of it is at least vaguely asshole-y) due to the fact my GF in 2011 left me and I had 300-ish bucks spare I was planning to blow on an end of highschool thing for her and I. After that the plan then became to start mining in 2011, use the 300-ish bucks to convert my lappy into a usable miner, ignore what bitcoin is/was worth until Nov 25 2017. This was the 6th year anniversary of when I started mining, cause I had been looking for a long term romantic relationship since I was 11 right up until I was 17( 2005-2011), 6 years of mining to match the 6 years I wasted dating around, finding semi-serious relationships that just ended in heartache etc.
Well I found out in 2017 what I lost, told my uncle what he cost me. His reply was a sarcastic "I'll pay you back later", havent talked to my uncle since. The rest of my family considers this to be an asshole move, what do you fuckers think?
submitted by jofadda to AmItheAsshole [link] [comments]

Hut 8 Mining Corp. Reports Record Financial Results for the Second Quarter of 2019 - Production Cost of 1 Bitcoin: US$2,757

submitted by Fiach_Dubh to BitcoinCA [link] [comments]

2 WEEKS 💕 until the halvening! BTC price is back above cost to mine. Bitcoin price slowly but surely rising to $12,000+, the cost to mine 1 Bitcoin in 2 weeks. HODL all faithful Hodlers. NYC is a lightning-fast, no fee version of Litecoin. Official New York Coin nycoin.net

submitted by hivewalletvictim to NewYorkCoin [link] [comments]

ALWAYS REMEMBER #Fake News fear & the Great Capitulator (Peter L. Brandt) that tried STEALING YOUR Crypto. NO FEAR during times of uncertainty is very difficult. The BRAVE will be rewarded!! Congrats to HODL'ers. Cost to mine 1 BTC soon rises to $12,000+. As will Bitcoin.

ALWAYS REMEMBER #Fake News fear & the Great Capitulator (Peter L. Brandt) that tried STEALING YOUR Crypto. NO FEAR during times of uncertainty is very difficult. The BRAVE will be rewarded!! Congrats to HODL'ers. Cost to mine 1 BTC soon rises to $12,000+. As will Bitcoin. submitted by hivewalletvictim to NewYorkCoin [link] [comments]

As posted 1 month ago, during the plethora of #fear, Bitcoin price is back above the cost to mine. In 3 short weeks, Bitcoin halvening will DOUBLE cost to mine 1 BTC. Price will double as well. BTC Supercycle to $80,000+ in next 18 months! NYC Coin will be TOP % GAINER. ❤️

As posted 1 month ago, during the plethora of #fear, Bitcoin price is back above the cost to mine. In 3 short weeks, Bitcoin halvening will DOUBLE cost to mine 1 BTC. Price will double as well. BTC Supercycle to $80,000+ in next 18 months! NYC Coin will be TOP % GAINER. ❤️ submitted by hivewalletvictim to NewYorkCoin [link] [comments]

Hut8 Mining 3rd Quarter Results: Mined 1,965 bitcoin at a Cost per Bitcoin of US$4,363

Hut8 Mining 3rd Quarter Results: Mined 1,965 bitcoin at a Cost per Bitcoin of US$4,363 submitted by Fiach_Dubh to BitcoinStocks [link] [comments]

Hut8 Mining 3rd Quarter Results: Mined 1,965 Bitcoin at a Cost per Bitcoin of US$4,363

Hut8 Mining 3rd Quarter Results: Mined 1,965 Bitcoin at a Cost per Bitcoin of US$4,363 submitted by Fiach_Dubh to Bitcoin [link] [comments]

Crypto mining as a profitable business

Crypto mining as a profitable business
The cost of bitcoin is increasing, and this growth is occurring at a very impressive pace. It is enough to simply compare the dynamics of this cryptocurrency with what we saw in the spring - and everything will become clear. For crypto investors, this means only one thing - it is time to buy bitcoin when it’s on the bottom so that in the future you can sell it several times more expensive.
But what about those people who do not want to acquire bitcoins, but get them through mining? Their situation is even more unenviable, since due to high electricity tariffs, mining in their countries may be unprofitable. Perhaps they will have to seriously think about changing their place of residence.
Just imagine: you are moving to a certain country, and mining from a disadvantage immediately becomes a very profitable business.
The Far East has always attracted people with its exoticism, and Myanmar is no exception. The standard of living that you can afford in Myanmar is much higher than in Venezuela. That's just the cost of mining one bitcoin is also almost 2 times higher - $ 3087. Of course, now that the value of bitcoin has skyrocketed above $ 10,000, it is possible to mine Bitcoin with a very good profit. But only in 2018, when the “bears” reigned in the market, this did not seem such a great prospect. The country itself is quite attractive, it has a favorable climate and interesting architecture.
SKYBIT applies blockchain technology to provide a modern financial bridge between Myanmar and the rest of the world.
The SKYBIT Digital Asset Conversion Platform allows users to convert between different cryptoassets and with Myanmar Kyat (MMK) currency. The platform supports unrestricted and direction-agnostic coupling of pairs between different listed cryptoassets and Myanmar Kyat. E.g. with a list of 30 instruments, 435 pairs would be available for trading (using combination formula n!/r!(n - r)! where n is the number of listed instruments and r is 2). Direction-agnostic means e.g. ETH/BTC and BTC/ETH is the same market of orders; rates shown would simply be the inverse of the other, so traders can choose which direction they prefer. Such a possibility of free direction-agnostic pairings is an advantage over other exchanges that have a limited list of fixed pairings.
The platform would also be used to liquidate the cryptoassets received from the SKYBIT Payment Processor.
https://preview.redd.it/aa9c61yb4rg41.png?width=1200&format=png&auto=webp&s=572f03e3fa0bcba58a2e2eaaed520ade134afca9
submitted by VS_community to SKYBITASIA [link] [comments]

Bitcoin price NOW is likely the lowest it will ever be in our lifetime. Cost to BUY 1 BTC is now LESS THAN cost to mine 1 BTC. Approx $7,000 USD. In 2 short months, the cost to mine 1 Bitcoin will DOUBLE. ❤️ BUY BTC TODAY ❤️ New York Coin (NYC) is a faster, free version of Bitcoin and Litecoin.

Bitcoin price NOW is likely the lowest it will ever be in our lifetime. Cost to BUY 1 BTC is now LESS THAN cost to mine 1 BTC. Approx $7,000 USD. In 2 short months, the cost to mine 1 Bitcoin will DOUBLE. ❤️ BUY BTC TODAY ❤️ New York Coin (NYC) is a faster, free version of Bitcoin and Litecoin. submitted by hivewalletvictim to NewYorkCoin [link] [comments]

Is This Why Bitcoin Suddenly Rebounded Yesterday?

Coin Shares researchers found the average cost of mining a Bitcoin is approximate $6,300. So, the price jumped to $7,300 yesterday. And it’s profitable for the miners Forbes report said. What do you think?
submitted by mirrasel to BitcoinBeginners [link] [comments]

Hut 8 Mining Corp. Reports Record Financial Results for the Second Quarter of 2019 - Production Cost of 1 Bitcoin: US$2,757

submitted by Fiach_Dubh to BitcoinStocks [link] [comments]

The environmental cost of cryptocurrency mines - researchers estimate that in 2018, every $1 of Bitcoin value created was responsible for $.49 in health and climate damages in the United States.

submitted by avogadros_number to GlobalClimateChange [link] [comments]

Mining bitcoin gratis 2020  Situs miner btc terbaru What Do YOU Need to MINE ONE BITCOIN In 2020?! - YouTube How Much Money I Made Mining Bitcoin SO FAR!!!!!!! - YouTube How To Mine 1 Bitcoin in 10 Minutes - Blockchain BTC Miner ... The Cost of Mining Bitcoin

Estimated Electricity Cost Of Mining One Bitcoin By Country The map above shows a very rough estimate of the current electricity costs of mining one Bitcoin by country around the world. Based on our research, Kuwait is the cheapest country in the world to mine Bitcoins while the Solomon Islands would be the most expensive. The cost of mining 1 Bitcoin in September 2019 Details Created: Thursday, 12 September 2019 04:53 If the value of the first Bitcoin cryptocurrency is monitored almost daily by all crypto enthusiasts, then not everyone knows the cost of its extraction. Moreover, this parameter is also important not only for miners, but also for investors, because it can affect the final value of Bitcoin itself ... Bitcoin Mining cost is different for every single miner that usually depends on location, electricity cost, bitcoin mining hardware device type used as well as maintenance cost of hardware. It is not possible to find the Bitcoin mining cost variation between locations as there is no single source that will do, a lot of mining operations are not necessarily transparent. DETERMINING THE COST IS COMPLEX. In the article, the mining pool notes that there a wide range of individual variables determine mining profitability.Poolin has created a mining profit estimator that breaks down these factors to better understand which rig is the best value.. Example as shown: It is important to note that electricity costs vary widely from place-to-place, and are the most ... Many island nations have a high cost associated with mining for bitcoin, likely because of associated high costs of electricity in those areas. South Korea is the country with the highest cost ...

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Mining bitcoin gratis 2020 Situs miner btc terbaru

I discuss the cost of mining Bitcoin. The infographic I refer to in the video can be found at https://i.redd.it/owrsgmc7eu321.jpg Be sure to leave a comment ... How much does it cost to Mine 1 Bitcoin in 2018? Bitglen. Loading... Unsubscribe from Bitglen? ... Noob's Guide To Bitcoin Mining - Super Easy & Simple - Duration: 11:37. UFD Tech 2,390,258 views ... Situs mining bitcoin gratis 2020 Situs miner btc terbaru tanpa deposit. #FREEMININGBITCOIN Berbagi lagi situs penghasil bitcoin gratis 2020 tanpa deposit, Withdraw langsung ke wallet Btc. Mining ... What it really takes to mine a Bitcoin in 10 Minutes. Firstly I'll show you a special free method to mine Bitcoin and send funds directly to your wallet in 1... Follow mOE at: ☻http://www.twitch.tv/m0e_tv ☻https://www.facebook.com/m0etv ☻https://twitter.com/m0E_tv ☻https://instagram.com/m0e_tv Intro By PubFX http...

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