mining

Intuitively, it is clear that profitability and market value are highly correlated: when the market is willing to pay more for a Bitcoin, miners' earnings are higher. Following the same line of thought, we can notice that the cost of hardware, i.e., computers, is inversely proportional to the price. The share of depreciation costs becomes more negligible as the exchange rate increases. However, the role of electricity is worth paying special attention to. The doubling of the exchange rate does not significantly reduce the role of electricity, which remains the most important element in the cost structure. Knowing that electricity costs will always play a key role in profitability, regardless of the Bitcoin exchange rate, it will always be a key factor of competitiveness. The WPF Ecosystem will therefore be an inevitable player in the crypto mining market in the future.