Ki Young Ju, the leader of CryptoQuant, recently revealed an important data: the average cost of mining bitcoins in the United States is approaching the $43,000 mark. This data not only reflects the current cost structure of the mining industry, but also indicates the break-even point faced by mining companies in the volatility of the cryptocurrency market.
Specifically, Marathon Digital, a well-known company in the industry, has recently released its second quarter 2024 financial report, showing that the company's mining cost per bitcoin is exactly $42,969. This figure is obtained through careful calculations, taking into account the company's operating hash rate, energy consumption and expenses per gigahash per day, and the average number of bitcoins successfully mined per day. Marathon Digital's cost data, as a microcosm of the industry, further confirms the current high-cost environment for mining bitcoins in the United States.
As the cryptocurrency market continues to evolve, mining companies need to continuously optimize their operating strategies to meet cost challenges and ensure profitability in a highly competitive market. The transparency of mining costs also provides an important reference for investors and market participants, helping them better understand the dynamics and trends of this industry.
