$BTC Average mining cost for BTC is $36,800, with a profit margin of 182%
AI Summary
According to Odaily Planet Daily, CryptoQuant analyst Axel Adler Jr. indicates that the average mining cost for BTC miners is currently around $36,800 per coin. The price difference between the current BTC market price and the mining cost per BTC is 182%. This level corresponds to the beginning of the bull market cycle in November 2022 and the previous cycle's peak price of $100,000. A price increase above this level would restore miner profits to levels seen after the last halving and yield excess profits comparable to those at the start of the January 2023 bull market.
