ShaneJLM

Bitcoin CoP - Overlay V1

A good estimate of what it would cost in electricity to mine 1 whole bitcoin with your preferred mining equipment. The cost of production overlay allows to change a few ASIC related variables like hash rate, device wattage, and electrical cost by KW/h. Defaults are set for the Antminer S17 Pro, which hashes at 53 Th/s and consumes 2.1 KW at 7.5 cents a KW/h. The overlay also considers halvings and plots CoP in those events.

This overlay can include other business related costs via "Other Costs" as a percentage of electrical cost USD/KW.h. Keep that value to 0 if you don't want to include it in your overlay.

The bubbles in the chart example is when mining devices came online. Pretty interesting to see difficulty adjust as new hashrate is added to the network.

Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?