ā The cost of Bitcoin mining is getting "expensive"
According to the latest data, the average cost to produce 1
$BTC of public miners is rising:
Cash cost: ~74,600 USD
Total cost (including depreciation & SBC): ~137,800 USD
While the current price is
$BTC around: ~91.68K USD
With a hashrate exceeding 1 ZH/s, the competition is "not joking," squeezing the profit margins of mining.
š„ The mining industry is splitting into 2 schools of thought:
A group transforming into infrastructure providers
Reusing mining data centers to run AI/HPC workloads ā where profits are "much tastier."
A group still doing traditional mining
Continuing to compete in a high-cost environment ā profits as thin as a hair.
ā”ļø In summary: mining
$BTC is no longer a "money printer," but more like a long-distance run⦠but with extra weights.
𤔠"This article only summarizes the mining situation ā it does not encourage you to turn your washing machine into a mining rig. I am not responsible if the neighbors lose power!" ā”š
#BitcoinMining #CryptoIndustry #BTCInsights #MiningCosts #Hashrate