The costs of #Bitcoin mining soared more than 34% in two quarters, exceeding US$70,000 per BTC due to the increase in hashrate and energy prices.

The network hashrate is approaching 1,000 EH/s, pushing the difficulty to a record 126 trillion and reducing miners' profits to just US$52 per PH/s.

This increase reflects not only the pressure of network difficulty at its all-time high but also the rise in energy costs and fierce competition among mining companies.