It seems rather strange that their SEC financial reports do not have a summary of their unit economics looking at electricity costs. What is the best up-to-date source of data for this info?
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It seems rather strange that their SEC financial reports do not have a summary of their unit economics looking at electricity costs. What is the best up-to-date source of data for this info?
Just check your state.. almost all states have "residential, commercial, and industrial" rates. Industrial is usually the cheapest. In SC where i am the average is .11cents residential, .08 for commercial, and like .05ish for industrial.
Large miners are supra-industrial and will often have negotiated rates lower than this. Supposedly 5.57 cents in Texas, and mining numbers are lower.
Not to mention they usually negotiate contracts to buy a certain amount of energy whether they use it or not. And then there are contracts to curtail usage to account for. It can get complicated af
Texas has its own grid not subject to interstate commerce regulation
it used to be a 2 cent target. Seems waste electricity sticker is going up a lot in dollar terms
It may also be just the size of mining and that a couple years ago, it wasn't getting bid up as much, more than necessarily a 2x devaluation of USD over past two years.
I have a similar thing with macadamia oil I'm working on getting going where there is a small supply at a pretty low cost since it's a sort of waste product, but if I can make the oil trendy, that will shoot up in a few years.
you will never know that, that is quite literally THE most coveted information from any miner out there.
why? because then other miners will come and mess around with the supply (assuming it's on-grid) thus raising the cost of the og miner. miners are always competing against each other, we gotta have an edge ya feel me
in any case, anything around 6 usd cents or lower is still profitable. until halving, then no one knows :O
Why tunnel in on one of their expenses... or are you trying to model each of them in detail? I'd imagine anything that's not for SEC filing or marketing purposes would be kept secret.
Unless you have better electricity costs than anyone else and want to actually make a compelling argument why your company will outperform others. I think they would want to keep things secret that make them look bad.
good question
Also Factor in the Economics of the bigger players with the latest tech, custom firmware and speed binned chips cost per hash plays a part.
Why is it strange? Does google or facebook have a summary of the electricity costs for their operation?
Tò obtain the the most current information on electricity costs for Bitcoin mining companies, I recommend checking recent financial reports, company announcements , or industry news sources for updates on electricity expenses.