Cheers, happy new year to you!
I just push back on the idea of โ100k satsโ as a single measure of miner revenue.
Block subsidy (new issuance, or โproductionโ) is an entirely separate revenue stream from tx fees. One is known and predictable, where the other is a determined by (volatile) market demand.
The cost of producing ~enough hashes (statistically) to find a block is not determined by either form of miner revenue. It is determined by real world hardware/energy/etc costs, and how many hashes competing miners are producing.
TLDR; successful miners do a ton of financial and risk modeling for all kinds of scenarios, and invest accordingly.
๐ท๐๐๐๐ข ๐ฝ๐๐ ๐๐๐๐! ๐ฅ๐ฅ
๐๐ช๐น๐น๐ ๐๐ฎ๐ ๐จ๐ฎ๐ช๐ป!
๐ฅ ๐ณ๐๐๐๐ ๐น๐๐ ๐๐๐๐!๐ฅ
๐ฏ๐๐๐๐ ๐ต๐๐ ๐๐๐๐!๐ฅ
๐ณ๐๐๐๐ ๐น๐๐ ๐๐๐๐!๐ฅ๐พ
๐ณ๐๐๐๐ ๐น๐๐ ๐๐๐๐!๐ฅ
๐ฅ ๐ท๐๐๐๐ข ๐ฝ๐๐ ๐๐๐๐! ๐ฅ