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for gold and bitcoin, the cost of mining follows the price
it is also why changes in the cost of mining gold do not affect the gold price. in fact, cause and effect works the other way around — the change in the market price of gold determines, with a lag, the average cost of mining gold. to put it another way, the cost of mining gold follows the price of gold.
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but what does that involve, what's it cost and can you do anything to lower the price? diy vs. hiring a pro you can grind out a stump yourself by renting a stump grinder for a half day at a cost of roughly $75 to $150, and some sweat.
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lower commodity prices have driven cost cutting and operational productivity improvements across the global mining industry, but new ey research shows massive budget overruns continue to plague the completion of complex multibillion dollar projects in the sector and hamper capital productivity.
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