glowleaf on Nostr: I saw a slide at Baltic Honeybadger that bitcoin miners spend about 18 billion ...

I saw a slide at Baltic Honeybadger that bitcoin miners spend about 18 billion dollars per year in securing bitcoin.

We mine 900 coins per day until the next halving.

Some back of the napkin math makes me end up with 54545 dollars per bitcoin with the current energy investment.

That feels like an absolute bottom price level. Meaning that anything cheaper than 54k is a bargain.