[Pazuzu]

Originally Posted by red-beard

Here is a chart showing the cost per bitcoin depending on the cost of electricity.

https://powercompare.co.uk/bitcoin-electricity-cost/#:~:text=List%20of%20Electricity%20Cost%20Of%20Min ing%20One%20Bitcoin,%20%20%243%2C627.78%20%2074%20 more%20rows%20

At 5 cents per kWh, my cost would be similar to Uzbekistan at $4,245.28 per bitcoin. I'm not sure if this includes the cost of the equipment. And more modern equipment will produce bitcoin more efficiently than older equipment. Not sure if that is properly factored in.

I think the $22K per bitcoin is off.

I think you need to check your math, the numbers you took from that site are WAY out of date.
Now, you're looking at:
(0.05*1582*1780)/6.25=$22,500
That's with your extraordinarily cheap $0.05 per kWh.