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Bitcoin Forum / Re: ordinals and inscriptions
« on: May 01, 2024, 11:11:26 AM »If that were the case, most miners would stop mining, but I think that the price is much lower and depends on the price of electricity, the rent of the space where the devices are located and their efficiency. In addition, miners who are long in this business certainly have some BTC and money that can help them in transitional times like the one we are in now.
This is a theoretical study of Bitcoin mining costs written by Halfling on APR 08, 2024
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According to data from CryptoQuant CEO Ki Young Ju, the current cost of mining using Antminer S19 XPs will rise from $40,000 to $80,000 after the Bitcoin halving in mid-April.https://cointelegraph.com/news/bitcoin-halving-how-impact-btc-mining-costs
Of course, the theoretical study remains different from reality, and there are many other factors that affect miners and vary from country to country depending on the cost of electricity, taxes, etc., so it is difficult to accurately predict the cost of mining one Bitcoin.