Bitcoin production cost reduction by 30%?20 Jan 2025 15:20
If they prove to reduce bitcoin production cost by 30% it would be huge. They would be almost at the same cost as Asia.
In 2023, the electricity rate continues to reach new highs, which doesn’t come as a surprise. Bitcoin miners require at least $20,000 to produce one BTC in the United States versus the $16000 to 18,000 range a year ago.
From January 2022 to January 2023, the commercial electricity tariff surged at an average of 10.71% per US state. This is higher than the average consumer price index surge of 6.40%.