A good estimate of what it would cost in electricity to mine 1 whole bitcoin with your preferred mining equipment. The cost of production overlay allows to change a few ASIC related variables like hash rate, device wattage, and electrical cost by KW/h. Defaults are set for the Antminer S17 Pro, which hashes at 53 Th/s and consumes 2.1 KW at 7.5 cents a KW/h. The overlay also considers halvings and plots CoP in those events.
This overlay can include other business related costs via "Other Costs" as a percentage of electrical cost USD/KW.h. Keep that value to 0 if you don't want to include it in your overlay.
The bubbles in the chart example is when mining devices came online. Pretty interesting to see difficulty adjust as new hashrate is added to the network.
An update on the available hardware in 2022. I'm also adjusting the electricity cost to 6 cents a KW/h as a majority of the mining is happening in the US. Anything below that I think would be a smaller operation, or a niche install.
kwest
⋅
Just wanted to leave a thank you for this! Interesting indicator for sure.
ShaneJLM
⋅
Newest S19Pro asic via asicminervalue.com looks to put cost of production at $5400.
Here are the values for the overlay
S19Pro 110TH/s 3.25KW at 0.055 KW/h