Bitcoin CoP - Dynamic Historical Tech

This indicator calculates the Bitcoin "Miner Price Floor" by estimating the average production cost for miners from 2012 to the present day.

Its primary strength lies in its technologically dynamic nature: unlike static models, it automatically adjusts hardware energy efficiency (Joules/TH) based on the era—simulating everything from 2012-era FPGAs to the latest Antminer S21 in 2025. By integrating network difficulty, Halvings, and customizable electricity costs, it allows you to visually identify miner capitulation zones. Historically, these zones have aligned with the most significant long-term buying opportunities.