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Comment by mrmekon
I've been tracking my costs for ~13 years. The cost here includes all equipment and ingredients over that time, including all of the unnecessary stuff that I bought for fun, like pH meters and titration gear.
It obviously matters what you brew and what you brew with. This is mostly pale ales and stouts. They certainly haven't all been great, but I've never dumped a batch, so there's no waste to account for.