The latest data shows that the average cost to mine one Bitcoin has soared to $74,600. Even more staggering, if you factor in electricity, equipment depreciation, and operational management, the cost jumps straight to $137,800.
Meanwhile, hash rate is skyrocketing—it just broke through 1 ZH/s, setting a new record. On the surface, that sounds impressive, but for miners, it's not good news. The higher the hash rate, the fiercer the competition, and the less each individual miner earns.
Costs are rising, income is shrinking—no matter how you do the math, it just doesn’t add up.
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TokenToaster
· 12h ago
The costs have almost doubled; mining is really getting harder and harder to do.
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NFTRegretful
· 12-08 10:50
Cost 137800? I advise everyone not to mine anymore; this business is no longer for retail investors.
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GweiTooHigh
· 12-08 10:49
This is what real "mining" is—mining your own hard-earned money.
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DaoResearcher
· 12-08 10:47
From the data performance, this is no longer just a miner's dilemma, but an incentive imbalance in the entire PoW economic model—a notable point is that the $137,800 total cost touches the boundary assumption implied in section 2.1 of the Bitcoin whitepaper. What does it mean for hashrate to surpass 1 ZH/s? The token-weighted competition mechanism has evolved into a pure arms race. Yes, just as I said, DAO governance is completely ineffective here.
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GasGrillMaster
· 12-08 10:21
The mining business is really cutthroat now—costs have doubled while profits have shrunk. Who can handle that?
Life is getting harder and harder for miners.
The latest data shows that the average cost to mine one Bitcoin has soared to $74,600. Even more staggering, if you factor in electricity, equipment depreciation, and operational management, the cost jumps straight to $137,800.
Meanwhile, hash rate is skyrocketing—it just broke through 1 ZH/s, setting a new record. On the surface, that sounds impressive, but for miners, it's not good news. The higher the hash rate, the fiercer the competition, and the less each individual miner earns.
Costs are rising, income is shrinking—no matter how you do the math, it just doesn’t add up.