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The default cost has not changed since the initial checkin of the code in 2007. Computers have gotten faster in general and GPGPU password cracking became a thing.
BCrypt::Engine.calibrate(250)
returns 12 on my Intel Core i7-4870HQ (mid-2015 Macbook). Some people argued in 2015 already that this should be the default so I think this is a pretty safe value to go with without too much bikeshedding.