Time to look at BTC marginal costs again.
Updated
The chart shows the marginal cost for BTC at 0.05 USD/kWh for the antminer S9, S15 and S19pro respectively. During 2018/2019 the S9 (or miner with similar spec's) served as 'fundamental bottom'. Will the S15 be the new 'fundamental bottom' or is the bottom at more efficient miners? Take care, no investment advice!
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