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Analysts: The break-even point of bitcoin extraction is at around 2,400 dollars

The company DMG Blockchain Solutions, specializing in mining and using blockade with limited access in supply chains, made calculations, during which it revealed the price of bitcoin below which its production would become unprofitable. According to analysts of the company, the breakeven point is at the level of 2400 dollars.


"Our calculations exclude capital costs, and electricity costs are about 7 cents per kWh. Proceeding from this, the break-even point of mining bitcoin is at the level of 2,400 US dollars. As a rule, capital moves to produce the most profitable coins, so we can assume that the market in the long run still finds a balance, "- noted in the DMG.

If the price of electricity does not exceed the above 7 cents, and the bitcoine rate is above $ 2,400, then the mining is profitable, experts say.

"Every day the bitcoin network generates about 2100 coins. The DMG calculated that the earnings for 1 PH / s is 0.084 BTC ", - quotes Forklog representatives of DMG.

Analysts emphasize that the model worked, it is necessary to observe certain conditions. In addition, not every miner can afford to produce 1 PH / s. But still, the study shows that the major mining companies are still very confident.

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The article is based on materials https://hi-news.ru/technology/analitiki-tochka-bezubytochnosti-dobychi-bitkoina-naxoditsya-na-otmetke-v-2400-dollarov.html.

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