Blockchain technology applications are not limited to one field, it has the potential to bring significant and transversal changes, from real estate to banking, government, energy, taxation,... new laws are needed and there is already a flood of metrics and knowledge, there is space for every one to research, create or try new things.
This post will focus on tokenomics initialy, will see what we can get here
1- Cost of production
There is a lot of enthusiasm about bitcoin investment, speculation and price prediction. If there is a relationship between price prediction and bitcoin mining companies profitability ? Probably yes !
coinshares
According to a blog post published on October 30, 2024 by JAMES BUTTERFILL in COINSHARES RESEARCH BLOG. They estimate the average cost to produce one bitcoin across all listed miners to us$49,500 based on cash cost Q2 data. According to the same source, including depreciation and stock based compensation rises the cost to us$96,100.
CBECI
The cumbridge bitcoin electricity consumption index provide an estimates of bitcoin’s daily power demand.
costs of production and electricity consumption estimates ranked by amount:
| From | Estimate | Cost | Amount |
|---|---|---|---|
| coinshares | Lowest | Terawulf | 14,400 |
| coinshares | Low | cormint | 14,900 |
| CBECI | Lower bound | of mining 1 BTC | 25,561 |
| CBECI | estimated | of mining 1 BTC | 46,418 |
| coinshares | average | cash only/to produce 1 BTC | 49,500 |
| coinshares | highest | riot | 65,900 |
| CBECI | upper bound | of mining 1 BTC | 93,729 |
| coinshares | all costs | to produce 1 BTC | 96,100 |
2- Returns
You need to have enough cash to support your self or your operations if you are a business, the more liquidity(stamina) you have the more returns you can expect.
Coinmetrics returns performance expected for short and long term time holding.
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