lowest bitcoin price based on fundamental
accoding to the whattomine (simple website to etimate bitcoin mining profit) :
we need to have 35000 Antminer S9 with 14 TH specification to build a Bitoin during an hours,
if each Antminer used 1.372 kW per hour this system need 48 MW power !!!
a- If you are able to prepare this power source you have to paid 48000 KW * power cost KWh
b- we assumed typical power cost 0.1 $ we should pay 4800 $ for preparing a bitcoin
c- if you are able to build this mining farm you have 35000*14 TH = 0.49 EH on bitcoin network
proof to above statements from another view:
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today Bitcoin network have 42 EH (variable upon to miners but when last time difficulty adjusted network speed was 37.04 EH ) mining network speed and bitcoin network adjust himself by difficulty according to his rules to make a block during 10 minutes.
note that every block generate 12.66 BTC rewards for solver.
during an hours typically we need 6 blocks so we have 12.66*6= 75.96 BTC.
75.96 BTC generated when u used total network speed ( 37.04 EH) so for 1 BTC we need roughly 0.49 EH
Above information drive me to this thought bitcoin can not maintain below 4800 $ more than an hours.
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Residential rates in the U.S. range from 8.37¢/kWh to 37.34¢/kWh.
The average (residential) national electricity rate rate is 11.88¢/kWh.
From (a) we can estimate lowest bitcoin price 48000 KWh * 0.1188 $/KWh =5702 $
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we need to have 35000 Antminer S9 with 14 TH specification to build a Bitoin during an hours,
if each Antminer used 1.372 kW per hour this system need 48 MW power !!!
a- If you are able to prepare this power source you have to paid 48000 KW * power cost KWh
b- we assumed typical power cost 0.1 $ we should pay 4800 $ for preparing a bitcoin
c- if you are able to build this mining farm you have 35000*14 TH = 0.49 EH on bitcoin network
proof to above statements from another view:
==============================
today Bitcoin network have 42 EH (variable upon to miners but when last time difficulty adjusted network speed was 37.04 EH ) mining network speed and bitcoin network adjust himself by difficulty according to his rules to make a block during 10 minutes.
note that every block generate 12.66 BTC rewards for solver.
during an hours typically we need 6 blocks so we have 12.66*6= 75.96 BTC.
75.96 BTC generated when u used total network speed ( 37.04 EH) so for 1 BTC we need roughly 0.49 EH
Above information drive me to this thought bitcoin can not maintain below 4800 $ more than an hours.
==============================
Residential rates in the U.S. range from 8.37¢/kWh to 37.34¢/kWh.
The average (residential) national electricity rate rate is 11.88¢/kWh.
From (a) we can estimate lowest bitcoin price 48000 KWh * 0.1188 $/KWh =5702 $
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Komen:
I will update this post when difficulty adjusted
Komen:
when the difficulty adjusted BTC network hashrate was near 51 Ehash/s
after that increased up to 56 EH and now is 53.3 EH
after that increased up to 56 EH and now is 53.3 EH
