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Bitcoin Average Production Cost Range extrapolation, based on Cambridge Bitcoin Electricity Consumption Index, and estimated total/energy cost ratios at varying regions. Latest median cost is at about $30K/coin.

Bitcoin Average Production Cost Range extrapolation, based on Cambridge Bitcoin Electricity Consumption Index, and estimated total/energy cost ratios at varying regions. Latest median cost is at about $30K/coin.



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  1. *The production cost WILL rise over time due to inflation of commodities tied to the production process, and the halvenings.

    It’s the existence of a production that gives Bitcoin a tangible, intrinsic value tied to commodities associated with the production process. Like how gold is tied to costs of base metals, gasoline, etc.

    Yes crude oil NYMEX Futures had dipped below 0 once, keeping in mind that’s a derivative contract. The local Cushing hub contract price didn’t cross below $15/barrel that day.

    Coincidentally, this also hints that cryptocurrencies taking the “proof of stake” path, are applying a backed-by-credit fiat model, where attempts are made to create value out of thin air.

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