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Galaxy Digital releases a new version of the model for calculating the cost of Bitcoin mining

Galaxy Digital releases a new version of the model for calculating the cost of Bitcoin mining

2021/11/24

According to reports, Galaxy Digital released a new version of the model used to calculate the cost of Bitcoin mining. According to Amanda Fabiano, head of the Bitcoin mining business at Galaxy Digital, the model calculates the exact mining cost of the company by adding electricity costs, custody costs, depreciation costs, and labor costs. It is reported that the cost calculation model does not include factors such as future mining power changes and Bitcoin price appreciation. It is designed to help companies calculate mining business costs more intuitively.

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