This will be the most brutal Bitcoin Halving in history.
70% above the current price.
Last halving, price was just 10% below Production cost, and Price & Hash Rate collapsed -20%.
Bitcoin Production Cost script just updated with the latest data:
- CBECI electrical data as at 11 May 2020
- Now uses 2 week rolling data for finer granularity (while balancing TradingView load time).
- Uses 4c/kWh (lower end of CBECI and Coinshares global average Mining electrical cost estimates).
Without FOMO now (large price appreciation over next week), expect a big miner capitulation: 30%+ reduction in Hash Rates.