Bitcoin Energy Cost ~$3,380 Due to Changes in Mining Efficiency Curve

Just a thought as the price drops out, since there are two remarkable events occurring:

1. The mining efficiency of the network is increasing greatly as Bitmain rolls out their newest miners like the Antminer S17 Pro; no doubt they've been using their own equipment on the network before public sales as has been the historical case for big efficiency leap rigs.
2. Couple this with the somewhat usual end-of-year settling up that occurs between Nov - Jan that we've seen in the past.

Food for thought: as the higher efficiency rigs propagate the energy cost for mining Bitcoin nearly halves to $3,380 at 12.5 BTC. However, once the block reward cuts in half next year then the energy cost will double.

Is this market movement the result of mining groups offloading a lot of their cheaply mined coins at the higher value now before the price moves downwards towards the energy production cost?

Still all Wild Mass Guessing.

https://www.trinsicoin.com/