It's a little bit more complicated than just the cost of electricity, since that affects miner profitability more than what a Bitcoin costs on the open market.

It's a little bit more complicated than just the cost of electricity, since that affects miner profitability more than what a Bitcoin costs on the open market. If you look at the historical prices, Bitcoin was around $3000 in February 2019, so it’s not like the price of Bitcoin and the hardware and electricity costs are highly correlated: https://www.coindesk.com/bitcoins-price-longest-ever-bear-market https://www.coindesk.com/bitcoins-price-longest-ever-bear-ma... As I said in another post, Bitcoin is a non-sovereign, hard-capped supply, global, immutable decentralized digital store of value. It’s an insurance policy against monetary and fiscal policy irresponsibility from governments and central banks globally. In the world that we live, that’s gotta be worth something.