I wonder how low the price of btc must get for even the large mining operations to stop before they're mining at a loss
I ran a few numbers through a spreadsheet I've been using for profitability calculations. Correct me if I'm way off here!
Assuming electricity/facilities/manpower can be equal to approx. $0.05 USD (which you would generally only see in very large industrial operations, or very small private mining operations)
Assuming hardware efficiency of 0.7W/GHS (I'm using Bitmain as my standard here)
Assuming current difficulty of 35 Billion
Mining becomes unprofitable at a BTC price of around $58.50 USDAlternatively:
Again assuming electricity/maintenance/etc equals $0.05 USD
Assuming hardware efficiency of 0.7W/GHS
Assuming current BTC value of $390
Mining would no longer be profitable once difficulty hits 233,500,000,000Any thoughts or observations are welcome!