Based on the assumptions set forth in this paper, the model has estimated the average cost to mine one bitcoin to be roughly $6,450. It should be noted that this research is an inductive, bottom-up estimate, with the intent to provide a ball-park estimate.
For racists, a single scary encounter with a black person is enough to prove that black people are generally scary. I would be repeating their mistake if I treated a single racist encounter with a white person as proof that Columbia is generally racist.
A significant portion of the electricity cost associated with mining has to do with keeping the mining chips cool. For any computer user, we know this as the loud fan working to keep our CPU cool. If the miners are kept cool due to the environment or electricity costs are not a concern, cooling costs become an afterthought.
Staked, a company led by Tim Oglivie, offers services that allow hedge funds and institutions to earn extra yield on certain types of cryptos that run on proof-of-stake networks. In such networks, investors can “stake” their coins in order to receive a payout when block rewards are given out by the network. Staked, essentially, handles all the dirty work that goes into staking, including maintaining multiple servers.