CryptoWorld News reports that, according to Cointelegraph, Bitcoin miners’ profit margins have fallen to a historical low, with the daily return for 1 TH/s of hashrate dropping from $0.39 to $0.28. Miners and mining pools currently hold about $110 billion worth of Bitcoin, and their net positions have changed negatively since the beginning of May. Bitcoin’s production cost is approximately $62.6k, with an electricity break-even point of $50.1k, while American Bitcoin Corp’s cost per mined coin is about $36.2k. Some miners have redirected their electricity resources to AI data center businesses, and institutional spot Bitcoin inflows now exceed miners’ output.

BTC3.07%
View Original
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.
  • Reward
  • 6
  • 1
  • Share
Comment
Add a comment
Add a comment
Salt-BakedBabyPotatoes
· 8h ago
Miners really can't hold up this time.
View OriginalReply0
OrderCancellerAfterTheRain
· 11h ago
Institutional spot flow exceeds miner output, chips are undergoing a major shift.
View OriginalReply0
SatsumaSignal
· 11h ago
生产成本6万2,币价要是再跌真要关机了
Reply0
RetroRadioEcho
· 12h ago
Mining for passive income before, now it's all about AI competitions; times have changed.
View OriginalReply0
NightAuditBuddy
· 12h ago
How does American Bitcoin Corp achieve a cost of 36,000? Please explain in detail.
View OriginalReply0
ZeroSlippage
· 12h ago
110 billion holdings are still selling; when will the selling pressure end?
View OriginalReply0
  • Pinned