The Bitcoin Cost per Transaction (USD) is the result of dividing the miners' revenue (Block Reward + Transaction Fees) between the number of transactions per block.
Here is an example with made up numbers:
Block reward is 12.5 BTC + 0.5 BTC in transaction fees.
There are 2700 transactions in the block.
Current exchange rate is 5700 USD/BTC.
(12.5 BTC + 0.5...
Takes QUANDL Bitcoin blockchain difficulty data, three variables (hashrate in THs/sec, power consumption in kWh, and electricity costs in cents/kWh) and calculates the base line for cash flow in US dollars. The default is an AntMiner S15 at 10 cents/kWh.
When price is above this line, miners with the given conditions have positive cash flow (i.e. they make more...
