Bitcoin (BTC) production costs have reached record highs post-halving, as the same mining effort now renders half the revenue. Thus, Bitcoin’s price must meet the production cost threshold to avoid industry turmoil and increased centralization for the leading cryptocurrency.
Charles Edwards, founder of Capriole Investments, reported an electrical cost of $77,400 per Bitcoin mined on April 22. Therefore, as of this writing, Bitcoin miners spend $11,000 more in electricity for each mined BTC, currently worth $66,175.
Furthermore, Capriole‘s production cost is staggering at $128,989, resulting in $52,000 estimated losses to produce a single BTC.
Bitcoin Production Cost and Electrical Cost. Source: Capriole Investments
MacroMicro’s average mining cost and Luxor’s Hashprice index
Meanwhile, data from MacroMicro shows a less-worse cost/price ratio of 1.57, according to estimates from Cambridge University. As per this data, Bitcoin’s average mining cost was above $102,0
We współpracy z: https://finbold.com/bitcoin-miners-underwater-as-production-costs-surge-post-halving/
