Welcome to this cryptocurrency mining related video posted by Chico Crypto. In this video, you will learn about the 2020 Bitcoin Halving which is taking place in May of 2020.
Bitcoin Mining Operation Costs
Variable Costs
Electricity
Labor
Maintenance
Fixed Costs
Land
Rent
Equipment
Mining precious metals vs Mining Bitcoin
When a company is mining Iron the cost to mine the Iron is the same no matter what the price of Iron is (static prices). In Bitcoins case, the value of Bitcoin does not change how many Bitcoin can be mined. The amount of Bitcoin that can be mined each day is 1800 BTC (prior to the halving in May 2020) - this is dynamic pricing.
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