r/BitcoinMining • u/Altairandrew • 2d ago

General Discussion When prices fall

Do people stop mining when BTC prices fall below some level. I know there are some who wouldn’t. But at some point cheaper to buy btc than mine it.

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u/Discokruse 2d ago

The formula you are looking for is:

(($ per PH per day/1000) * 41.666) / ($0.xx/kWh cost)

This gives you the J/TH break even point of efficiency.

https://www.wattsworth.it/

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u/Altairandrew 2d ago

By the way what’s the 41.66 equal? I would think it’s simply figuring out your electricity cost, and then how much you can mine vs. that. So you would have electricity cost per kWh or potentially figuring out cost on a time of day plan, the amount you earn per kWh and figure out the breakeven and if btc is above than mine, below don’t mine.

But do people actually do this.

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u/Discokruse 2d ago edited 2d ago

The number of joules in a killowatt-day divided by the number of seconds in a day.

It's explained on wattsitworth