Author: BTC Old Miner, Source: Author’s Twitter @BtcOldminer
1. Electricity cost $30,000 (shutdown price)
The shutdown price is based on the total network computing power of 550E and 0.38 yuan/kWh of electricity, which is the current mainstream mining machine T21 configuration in the market. Historically, there has never been a situation where the mainstream/flagship models were shut down under relatively moderate electricity prices.
2. Black Swan Support $48,000 (Shutdown Price*160%)
All black swans in history have never seen a market price lower than 160% of the electricity cost in this cycle. Therefore, based on the current electricity cost of 30,000 for 1 BTC, the risk of buying below 48,000 is extremely low (but it does not mean that there is no floating loss in the account).
3. Cost support $52,000
With an electricity cost of 0.38 yuan/kWh and a three-year operating life of T21, the BTC price matched by the daily electricity + mining machine cost, when it is lower than this price, basically the risk of buying a BTC in the secondary market is much lower than the risk of a miner who starts with an investment of tens of millions.
4. Bear market support $60,000
In most cases in a bear market, the market price fluctuates around 200% of the shutdown price, which is around 60,000. For medium and long-term investments, this is a relatively good bottom.
