The estimated parameters of miner cost seem confirmed as it trends along green trendline and flatlined @8k. this Looks like a repeat of the April 2 greencandle Miner cost acts as hard bottom. Also Difficulty and hashrate are very strong.
Nice chart. Agree with premise but miner cost is considerably higher than your black line indicates. Cost includes electricity, infrastructure and mining equipment at any given startup time - significantly higher than price right now.This only adds to your argument :-)
MaX_Head_Room
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@oaksacorn, Agree, I tried to factor all costs
An avg across the whole industry is only an arbitrary number.
I was encouraged that it followed the unrelated green trend and that price flatlined as it went below Arbitrary cost.
Looks like it's finally time.