Mining at a Loss: BTC Mining Has Become Unprofitable ⚠️

The current market situation is such that many miners are operating at a loss.

According to analysts, the average cost of mining one $BTC is around $82,600, while the market price is about $68,000.

The loss is approximately $14,000+ per coin.

What is happening against this backdrop:

— the network difficulty has already dropped by almost 8%

— the hash rate has bounced back a bit, but nothing drastically changes

— electricity costs remain high

If this trend continues, some miners may start selling their accumulated BTC to cover expenses.

And this, in turn, will add pressure to the market.

The key question now is: will the miners withstand this phase or will the market see a new wave of selling? #miners

BTC

66,297.4

-0.26%