Bitcoin Production Cost

9 Jul 2024

First inspired by the amazing capriole_charles, I decided to create my own version of calculating the Bitcoin production cost and to share it with you guys.

One of the main difference is the electricity cost calculation. I used a country-specific input system that calculates the weighted electricity cost leveraged by the distribution of the Bitcoin network hashrate. I like the fact that it requires little updating although it is less realistic for past calculations (further in the past production costs seems too low).

How to use:
- Add the indicator to your chart.
- Adjust the inputs if needed. Update the percentage of Bitcoin network Hashrate or electricity Cost per countries. Update the mining hardware stats to the most recent hardware. For example I used a Bitcoin Miner S21 Pro stats.
- Check the multiple variables in the data window.
- Turn on/off the halving event in the style tab

9 Jul 2024

Nota Keluaran

Added bitcoin transaction fees data into the calculation.