The recent halving of the price of Bitcoin has attracted the attention of many miners. So, what is the cost of mining Bitcoin now?

After asking some miner friends, I learned that the current cost of mining Bitcoin basically fluctuates between 40,000 and 60,000, depending on the electricity cost. If the electricity cost can be reduced to less than 1.2 cents, the cost can even be no more than 50,000. As the competition in the field of new energy and clean energy becomes more and more fierce, the electricity cost is expected to be further reduced in the long run. According to the normal distribution, the current cost of miners after halving is about 52,000. This also means that 52,000 on Valentine's Day this year is a very strong "cost bottom". For a long time, the price of Bitcoin has been difficult to fall below the average cost price of miners, and even 15% above it will have a large inflow of funds. This is why when estimating the bottom price at the end of 22, the cost is obviously around 12,000-13,000, but the price is difficult to fall below 15,000. Of course, it may also be a cost valuation error, after all, the variance of electricity costs of each company is too large.

If you are confident in the price of Bitcoin, then now may be a good time to buy. But please be careful and do a good job of risk management. What do you think about this? #BYC