Price / Cost of Production
Valuation· DE: Preis / Produktionskosten
Spot price divided by the estimated electrical cost to mine one BTC. Below 1 means price is under production cost — historically a miner-capitulation value zone.
Calculation
spot / cost_of_production. Zones: <1 −2, <1.5 −1, <2.5 0, <4 +1, else +2.
Unit & source
ratio · tradingstrategies.work On-Chain Valuation gauge methodology
Related terms
Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.