The cost of Bitcoin mining will break records in the second quarter. TheMinerMag predicts that in the second quarter of 2025, the cost of Bitcoin mining will surpass the previous record. In the first quarter of 2025, the average cost of mining 1 BTC increased by 23% compared to the last three months of the previous year and reached $64,000. However, analysts believe the peak has not been reached, and in the second quarter, the cost of mining will continue to rise and will increase by 10%. In this case, mining each Bitcoin will require an unprecedented amount of $70,400. However, the costs of some companies for mining cryptocurrency significantly exceeded this figure already in the first quarter. For example, American firms NYDIG and American Bitcoin spent more than $80,000 to mine 1 BTC.
However, the costs of some companies for mining cryptocurrency significantly exceeded this figure already in the first quarter. For example, American firms NYDIG and American Bitcoin spent more than $80,000 to mine 1 BTC. The cost of mining Bitcoins by various enterprises is currently considered to be the most profitable for Bitcoin Miner S23 Hyd, which allows earning $0.228 for each kilowatt-hour of electricity consumed. In the second and third lines regarding this indicator are the devices Bitmain Antminer S21 XP IMM and Bitmain Antminer S21+ Hydro with a revenue of $0.16 and $0.144, respectively. However, due to the price difference of the equipment, Bitcoin Miner S23 Hyd pays off the longest - after 783 days of operation. Among the members of the cryptocurrency community, there is an opinion that the growth of mining costs for Bitcoins will positively affect the price of the coin. However, trader Peter Brandt disagrees with this point of view and believes that the increase in the cost of cryptocurrency mining will not protect its price from falling below $70,000.