2025-12-07 02:26:28

Public Bitcoin miners are feeling the squeeze in Q2 2025. Latest figures show their average production cost reached $74.6K in cash expenses, while all-in costs climbed to $137.8K per BTC. These numbers reflect the ongoing pressure on mining operations as the industry navigates tighter margins. With Bitcoin's price volatility and operational overhead both playing major roles, miners are being forced to optimize efficiency or risk getting priced out. The gap between cash and all-in costs highlights the full burden of running large-scale mining infrastructure in today's market.

BTC1.24%

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.

22 Likes

Reward
22
9
Repost
Share

Comment

0/400

ThesisInvestor

· 12-09 21:38

Miner costs are soaring. To put it bluntly, the greedy era is over—now it's all about real, hard-fought efficiency.

View OriginalReply0

StakeOrRegret

· 12-09 19:47

Really? A $137.8K all-in cost... If that's the case, it's definitely tough for miners. Wait, how was this number calculated? It feels a bit outrageous. Miners are now desperately optimizing efficiency, otherwise they'll really be out of the game. By the way, are the big mining pools dumping small miners lately? $74.6K cash cost, but it doubles to $137.8K—are the hidden costs really that scary?

View OriginalReply0

SchroedingerAirdrop

· 12-09 16:31

Oh my god, life is really tough for miners... The all-in cost of one BTC is 137,800, who can handle that?

View OriginalReply0

AlphaLeaker

· 12-07 17:59

$137,000 per coin—this pressure is really unbelievable.

View OriginalReply0

NFTArtisanHQ

· 12-07 02:48

the gap between cash costs and all-in costs... that's almost like deconstructing the meta-narrative of industrial production itself, no? reminds me of benjamin's work on mechanical reproduction but applied to computational labor. miners becoming increasingly abstract nodes in a paradigm shift toward pure efficiency metrics.

Reply0

WalletWhisperer

· 12-07 02:46

137.8k to mine one Bitcoin... Life is really tough. If it's not the mining machine underperforming, it's the electricity costs eating you alive.

View OriginalReply0

CoinBasedThinking

· 12-07 02:39

With mining costs so high, how can retail investors even participate... Can we only hold on tight to BTC and wait it out?

View OriginalReply0

DarkPoolWatcher

· 12-07 02:36

$137.8K in total cost? The miners can't afford to play anymore.