Bitcoin Mining Costs Now Exceed Market Price 👀

The average estimated cost to mine one Bitcoin has reportedly climbed above $90,000, while $BTC is currently trading near $64,000.

When the market price falls below production cost, many miners operate at a loss, especially those with higher electricity rates or less efficient hardware. This can lead to reduced mining activity, selling pressure from miners covering operational expenses, or consolidation toward larger, more efficient players.

However, mining costs vary significantly depending on energy prices, equipment efficiency, and geographic location, meaning not all miners face the same margin pressure.

In Bitcoin mining, profitability depends on efficiency, scale, and market timing, not just price alone! 🫰