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βš‘οΈπŸ”Ž CHART - Bitcoin has never fallen below its electrical cost.

Today that floor is $71,000.
111❀️18❀️1πŸ‘€1πŸ€™1
josh · 17w
From this chart, it looks like it did during Covid
Jon · 17w
Dead
Bitcoin Woods · 17w
Also: 1 BTC has never fallen below 1 BTC.
Javier · 17w
A note: electrical cost also gets down when bitcoin gets down, because difficulty decreases. So I'm not sure it is a valid metric to determine the floor.
Tauri · 17w
All I know is that $58k is coming and my body is ready. 😏
Achilles · 17w
It’s a beautiful day to be a miner πŸ«‘πŸ§‘β›οΈ
SwapMarket · 17w
Electrical cost where? Some miners use free throw-away power afaik.
TheBitcoinBattery · 17w
Where can I view this data live?
Palavra de Satoshi · 16w
People need to talk about bitcoin's pricing mechanism. There should be the "paper bitcoin price" - extracted from centralized exchanges - and the "Bitcoin price" - extracted from P2P markets like Bisq.