Bitcoin mining costs exceed market price
According to MacroMicro data, the average estimated cost to mine one bitcoin currently stands at around $84,000, while the market price is about $65,000. This figure takes into account the network hashrate, mining difficulty, equipment energy efficiency, and electricity costs.
Source MacroMicro
If these calculations are accurate, miners are operating at a significant loss by producing bitcoin below the cost price. This situation could affect their ongoing operations and the overall stability of the bitcoin network.
Possible future developments may include a rise in bitcoin’s market price or improvements in mining efficiency to restore profitability.
