Closed iwanttobethebee closed 2 years ago
Do we know the basis cost?
No
On Mon, Sep 20, 2021, 7:57 AM nvk @.***> wrote:
Do we know the basis cost?
— You are receiving this because you authored the thread. Reply to this email directly, view it on GitHub https://github.com/nvk/bitcointreasuries.NET/issues/301#issuecomment-922860581, or unsubscribe https://github.com/notifications/unsubscribe-auth/AHE7XTMR5WRVRXJWEUDEYL3UC4ORVANCNFSM5EIM76JA . Triage notifications on the go with GitHub Mobile for iOS https://apps.apple.com/app/apple-store/id1477376905?ct=notification-email&mt=8&pt=524675 or Android https://play.google.com/store/apps/details?id=com.github.android&referrer=utm_campaign%3Dnotification-email%26utm_medium%3Demail%26utm_source%3Dgithub.
Do we know the basis cost?
There's no basis cost because they mined the Bitcoin, On their latest quarter earnings they reported margins of 83% so the cost of mining could be 45*(100%-83%) so you could, in theory, put 7.65K but, the way they mine is not direct. They mine ETH, ETH classic and Bitcoin. Lately, it has been more profitable to mine ETH than BTC so the real cost of mining must be higher.
updated. thx