3 ms·
>Based on the reported hash rate and operational costs in Q1, at a current global hash rate of 225 EH/s, I estimate that MARA has a cost per coin mined of $21,0
by shudza 4y ago
>Based on the reported hash rate and operational costs in Q1, at a current global hash rate of 225 EH/s, I estimate that MARA has a cost per coin mined of $21,000 and RIOT has a cost per coin mined of $31,000.
I'm sorry but this is almost certainly wrong. I mine at home and my cost is 22k per btc mined. I have a 1 generarion older equipment than they do, and my electricity is probably 3-4 times the price they are having. You should redo your math and look for errors.
- paulgb 4y agoIt seemed wild to me too, but I double checked and I don't see any errors. Here's the data and calculations, annotated with sources. https://docs.google.com/spreadsheets/d/11hd-Q6KdkNETiRBs_JYwxOEAEfiEM4YoYad__grb5lE/edit?usp=sharing https://docs.google.com/spreadsheets/d/11hd-Q6KdkNETiRBs_JYw... Keep in mind that these are companies that made a big bet when Bitcoin was in the 50-65k range that it would keep going up. They planned their expansion based on that scenario, so it's not that crazy that they allowed their margins to get so slim.