Summary
- It reported that the average cash cost of Bitcoin mining was $74,600.
- The total cost of Bitcoin mining exceeds $137,800, which is higher than the current market price.
- As mining profitability rapidly deteriorates, mining companies are seeking to shift into artificial intelligence (AI) and high-performance computing (HPC).
Bitcoin (BTC) mining costs have continued to rise.
On the 7th (Korean time), according to CryptoRank, the average cash cost to mine one Bitcoin reaches $74,600. Including depreciation and stock-based compensation (SBC), total costs exceed $137,800. This is higher than the current Bitcoin price.
The global hashrate surpassing 1 zettahash (ZH/s), which has significantly intensified competition, is behind the rising costs.
As mining profitability plunges, mining companies are turning their attention from mining to more profitable artificial intelligence (AI) and high-performance computing (HPC).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
