The cost of mining Bitcoin is now at record levels.
Currently, you need to spend an average of $74,600 to produce a single BTC. Interestingly, when you add all expenses other than energy and hardware, this figure climbs to as much as $137,800.
It's not easy for miners anymore. As profit margins continue to shrink, smaller players may start exiting the industry.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
9
Repost
Share
Comment
0/400
CryptoMotivator
· 12-10 18:08
Whoa, digging one Bitcoin costs 137,800 yuan? Small miners are about to go bankrupt.
View OriginalReply0
DeFiAlchemist
· 12-10 04:30
*adjusts alchemical instruments* the cost basis has transmuted into something genuinely ominous... $137.8k to manifest a single satoshi's parent? that's not mining anymore, that's financial penitence dressed up as protocol participation.
Reply0
ContractCollector
· 12-08 05:35
The mining cost is almost 140k now; small miners really can't survive anymore.
View OriginalReply0
RuntimeError
· 12-07 19:00
Damn, mining costs have almost doubled? Who can even afford to play anymore?
View OriginalReply0
SleepTrader
· 12-07 18:55
The cost is almost as high as buying coins; what's the point of mining?
View OriginalReply0
wrekt_but_learning
· 12-07 18:55
$74,600 to mine one Bitcoin? That cost is insane... Small miners are probably going to cry.
View OriginalReply0
AirdropHunter420
· 12-07 18:50
$137,800? Who can afford that? The small miners are probably going to have to quit altogether.
View OriginalReply0
gas_guzzler
· 12-07 18:36
137k to mine one Bitcoin? Haha, now the small miners will really go bankrupt.
View OriginalReply0
liquidation_watcher
· 12-07 18:35
Mining costs have skyrocketed—how are small miners supposed to survive... It’s really time to clear the field.
The cost of mining Bitcoin is now at record levels.
Currently, you need to spend an average of $74,600 to produce a single BTC. Interestingly, when you add all expenses other than energy and hardware, this figure climbs to as much as $137,800.
It's not easy for miners anymore. As profit margins continue to shrink, smaller players may start exiting the industry.