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John Deaux
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Stacking sats

If you aren't willing to put your penis in a mentally unstable man deluding himself into thinking he's a woman then you are clearly the problem

In this case it doesn't matter much what the price of electricity is, however high or low the Satoshi cost per kWh these farms can still net profit by selling a higher or lower amount of excess electricity.

Mining more when it's cheaper and selling more excess when it's expensive

Replying to Avatar Snapolino

After 2036 the Bitcoin block reward will no longer play a role, the only thing that counts then is vbyte/sat fees.

With that information on mind we can do a simple calculation:

300 EH/s currently that support the network to fight for the approx. 6.4BTC.

so 300 EH / 6.4 BTC == 46.875 EH/BTC

In 2036 assuming the same distribution (mining pools and so)

300 EH / 0.4 BTC == 750.0 EH/BTC

So mining now till 2036 is ultra profitable if you do not need to sell BTC and can keep all more than 0.4 BTC per block you mine.

If you are a miner and you have to sell more than (6.4 BTC - 0.4BTC=) 6 BTC it means your BTC holdings decrease over time and you are already mining at a loss in satoshi terms. (This 6 BTC include all HW, maintenance, defects, electricity, infra, people, salarys, insurance , new miners, new hardware, advancements, etc.).

Every halving will make it much more (2x ) difficult for you to keep up and keep a positive mining to satoshi balance...

So in 2024 this will even go lower, meaning your budget per block mined has a maximum of 2.8 BTC in total cost!

So in my view BTC mining will without increase in efficiency plato out after 2026 ... At this point Miners are in a bubble territory (in satoshi terms) and have to sell more than they get...

All this leave anything related to USD out... This is purely based on mining and keeping as many sats as possible. None of this big mining pools will be able to compete with private small miners that use completely free electricity where ever they get that.

Interesting calculations, thanks for taking the time. Large mining farms which already have near zero cost electricity by that time could still be at an advantage though, using solar / wind / hydroelectric could even sell excess electricity into the main networks and profit from both mining and creating power.

I will remain optimistic that it could help small miners maintain a larger share of total hashrate though.

The best time to accumulate is when the current day ends with Y

My team of highly skilled, well payed analysts are in shock. This changes everything they have ever learned. We will need time to let the stars align before we can comment further

I wonder if people would start selling accounts / badges if this happened 🤔

People will only understand when its too late. And of course we will all of "gotten lucky"

This seems about right 😁 diesel powered gas pumps for the electricity produced by coal. I feel greener already