Bitcoin's electricity cost to mine: $59,207.
At a spot price of $78,778, that’s a 33% gross margin. This is electricity-only; the true all-in cost for miners is higher. This gap is the cleanest read on their need to sell.
As long as it's this wide, miners aren't forced liquidators. They can hold, reducing automatic daily sell pressure. This is solid structural support, absent when cost and spot were tighter.
This bounce holds above the miners' cost basis. Who's fading us?
$BTC
Model: cryptojargon.in/tools/mining-cost — move the efficiency and power assumptions yourself.
#Bitcoin #Mining
At a spot price of $78,778, that’s a 33% gross margin. This is electricity-only; the true all-in cost for miners is higher. This gap is the cleanest read on their need to sell.
As long as it's this wide, miners aren't forced liquidators. They can hold, reducing automatic daily sell pressure. This is solid structural support, absent when cost and spot were tighter.
This bounce holds above the miners' cost basis. Who's fading us?
$BTC
Model: cryptojargon.in/tools/mining-cost — move the efficiency and power assumptions yourself.
#Bitcoin #Mining
