How much does it cost to mine 1 BTC a year after the Bitcoin halving?
The Bitcoin halving will double production costs, a fact that the media depicts as a survival threat to Bitcoin every four years.
Profit-seeking miners must also contend with fluctuating mining difficulty and energy costs. However, if prices rise, they can at least earn more money for every Bitcoin they mine.
As the price of BTC rises, the high prices attract more miners, pushing the total hash rate and difficulty of Bitcoin to historical highs.
In fact, while mining revenue is roughly in line with the five-year average, the current mining difficulty is five times that of April 2021 and is 40% higher than before the last halving.
Therefore, mining Bitcoin is more difficult than ever. But how much does it cost to mine 1 BTC now? It's always hard to say, and the answer largely depends on electricity and other indirect costs, with the current estimated cost price per BTC being $48,671.
The Bitcoin halving will double production costs, a fact that the media depicts as a survival threat to Bitcoin every four years.
Profit-seeking miners must also contend with fluctuating mining difficulty and energy costs. However, if prices rise, they can at least earn more money for every Bitcoin they mine.
As the price of BTC rises, the high prices attract more miners, pushing the total hash rate and difficulty of Bitcoin to historical highs.
In fact, while mining revenue is roughly in line with the five-year average, the current mining difficulty is five times that of April 2021 and is 40% higher than before the last halving.
Therefore, mining Bitcoin is more difficult than ever. But how much does it cost to mine 1 BTC now? It's always hard to say, and the answer largely depends on electricity and other indirect costs, with the current estimated cost price per BTC being $48,671.
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BTC
92,714.29
-0.68%