this one is from May/June this year but electricity, hw, labor costs didn't move so much in the mean time. Yes of course, price = demand/supply and value = knowledge but there is also: cost = scarcity = value. All this forms quite an objective circuit :) ... sooo ... China >80% of the hash, and probably as much as the stash and the cash. Of crypto. This shows the bottom around $3500-4000 currently. Yes it is possible to burrow under it for a while but it is exactly like in gold mining the price gravitates around the averaged over the market cost of production. MR = MC. I'll write soon some on these. ...
This is brilliant, thanks. I actually included this same exact infographic in a white paper for a mining startup earlier this year. It's interesting stuff to take into consideration, really important for the community. I will follow you for sure.