Ten years of Bitcoin, the history of mining cost and currency price evolution (add V→"Detailed Report on Bitcoin's Computing Power Growth in 16 Years")

Nakamoto 2025-9-29 14:46 51197人围观 BTC

If you like it, follow me Author: Miner uncle WeChat: meishan256 The following presents an analysis of the economic costs of Bitcoin mining and currency price trends in the past ten years (2015–2025). This analysis combines industry dynamics and market da

If you like it, follow me

Author: Miner uncle WeChat: meishan256 The following presents an analysis of the economic costs of Bitcoin mining and currency price trends in the past ten years (2015–2025). This analysis is based on industry dynamics and market data:
01

Prerequisites for calculation of key parameters

1. Mining machine performance (taking S21+ as an example):

Single computing power: 235 TH/s
Single unit power consumption: 3877W (converted to 3.877 kW)
Total computing power: 100 units × 235 TH/s = 23,500 TH/s (i.e. 0.0235 EH/s)

2. Network parameters:

Computing power of the entire network: 860 EH/s (data as of July 2025)
Block reward: 3.125 BTC (value after halving in 2024)
Average daily block production: 144 (1 block produced every 10 minutes)

3. Cost parameters:

Electricity price: 0.4 yuan/kWh
Daily power consumption of a single unit: 3.877 kW × 24h = 93kWh
Daily electricity bill for a single unit: 93 kWh × 0.4 = 37.2 yuan
Annual electricity bill for 100 units: 37.2 yuan × 100 units × 365 days ≈ 1.358 million yuan

02

Annual production calculation mode (static mode)

Calculation formula for daily output of a single unit:

Daily output = mining machine computing power ÷ total network computing power × total daily block volume × block reward

Substitute specific data for calculation:

单台日产量 = 235t ÷ 860E × 144 × 3.125 ≈ 0.000123btc

Daily output of 100 units: 0.000123 BTC × 100 = 0.0123 BTC

Static annual output: 0.0123 BTC × 365 ≈ 4.5 BTC

03

Bitcoin annual growth rate from 2015 to 2025

This section is an analysis of Bitcoin’s annual growth rate and key driving factors in the past ten years (2015-2025), and is presented based on historical data and market events:

📊 Overview of Bitcoin’s ten-year growth and core driving factors

Note: The data for 2025 is as of June 30, 2025, and the annual increase will be updated.

Outlook for 2025: Market institutions predict that the price of Bitcoin will be in the range of US$150,000-180,000.

1. Organization’s expected scope:

JPMorgan Chase: It is expected that the price of Bitcoin will rise to US$150,000 by the end of 2025 (based on ETF capital inflows and the halving effect).
ARK Invest: Bitcoin prices are expected to rise to $180,000-$200,000 (assuming spot ETF holdings reach 20% of Bitcoin circulation).

2. Core growth logic:

The fourth halving effect: The Bitcoin block reward will be reduced to 3.125 BTC in 2024. Judging from historical data, the price peak will occur 12 to 18 months after the halving.
Concentration of institutional holdings: As of May 2025, spot ETF holdings have accounted for 54% of Bitcoin circulation, and continued accumulation has intensified the scarcity of Bitcoin.
Macroeconomic environment: Expectations of interest rate cuts by the Federal Reserve have prompted capital flows into the crypto-asset sector.

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