I can share my math mate, of course there are assumptions (network hashrate growth mainly) I am currently on sub 3 cents per kWh. My concern is that HW in Argentina are high so USD/Ths is close to double than in the US.
You know.. I am not willing to let go mining as a bitcoin maxi, 99% of mining today is a fiat centrix venture. The only way I can currently think of to have a healthy ROI is by offsetting sats and drive down my sats/THs cost by borrowing against my stack.
Still undecided but I am looking into it.