MSHLFX

lowest BTC price analysis by miner technology

BITMEX:XBT   Bitcoin
We discussed about miners and mining viewpoint for preparing a BTC in previous posts:

A) BTC Analysis based on Block frame and halving

b) BTC network analyses from miners viewpoint


We predicted to see new asic miner technology and hear about new miners.
2 month ago, Bitmain introduced new asic miner with 7 nm technology which they called S 15
ASICminer is another company who claim their new miner machine can worked with 80 TH and 4200w power usage also; they used 8 nm chip in their miner machines.
Last well known miner machine antminer s9 prepare 14 TH by using 1370 w
I used my new Power Usage Index instead power efficiency, which derived by dividing device power usage to hash power.

PUI:
1- S9 = 97.85 W/Th (16 nm chip )
2- ASICminer pro 8 nano = 52.5 W/Th ( according to the ASICminer website 8 nm FINFET technology )
3- S15 = 57W/Th ( according to the bitmain website with 7nm FINFET technology )
We can assumed new technology reduce power 50% per Terahash.


In bullish market, fresh and updated miners who are, using new technology wants to overtaking traditional miner by sold their new BTC with lower price than S9 PUI .


Today BTC network hasharate is about 33.55 EH and if we assumed electricity cost 0.1189 $/w AVG. BTC block rewards 12.64 BTC per blocks
With all of above information and last 2 posts we can estimate how much BTC miner machines paid for electricity to generate a BTC
We can find BTC price roughly near 6200$ and 3300 $ for both 7nm and 16 nm chips PUI (16 nm 97.85 W/Th and 7 nm 52.5 W/Th )

if all of the above parameters stay constant we can predict 3300$ for lowest BTC price at the moment ( :D )

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.