How tough is life for Bitcoin miners right now? The latest estimates from a certain Wall Street investment bank provide an answer.
According to the current common mining conditions (electricity cost of $0.05/kWh), the average production cost for miners is around $90,000. What’s even more critical is that electricity prices are extremely sensitive—every 1 cent increase means miners with poor cost control need to pay an extra $18,000.
Currently, the market price is fluctuating right around this cost line, and many miners can’t hold on anymore—they’ve started selling off their hoarded coins to cover electricity bills. Once this kind of passive selling pressure builds up, it’s definitely not good news for the price. Simply put, the mining community is basically just barely breaking even, and even a little turbulence could force them to take losses.
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SolidityJester
· 9h ago
Miners are really walking on a razor's edge now. A fluctuation in electricity prices can lead to bankruptcy. Who can withstand this situation?
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LightningClicker
· 12h ago
When electricity prices rise, miners have to collectively take losses. This business is increasingly resembling gambling.
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SandwichVictim
· 20h ago
Miners are really struggling. The electricity costs are practically a industry killer, taking $90,000 to break even, and they have to stay constantly on edge.
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AirdropHarvester
· 12-08 07:52
$90,000 cost—this is like dancing on the edge of a knife. Even a slight fluctuation means having to cut your losses.
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Blockchainiac
· 12-08 07:50
Damn, with the electricity bill going up, I have to pay an extra 18,000. Life is really tough for miners—feels like we're getting squeezed out.
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StableGeniusDegen
· 12-08 07:50
Oh man, being a miner these days is really like dancing on the edge of a knife.
$90,000 in costs is already choking us, and if electricity prices go up, that’s another $18,000 out of pocket... This is just ridiculous. No wonder everyone’s dumping coins to cash out.
The industry is so cutthroat—if you can’t control your costs, you really can’t survive.
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FlashLoanLarry
· 12-08 07:47
so basically miners are just bagholding at cost basis rn... classic value extraction opportunity if you know where to look. the electricity sensitivity is actually the tell here - 18k delta per cent is wild. anyone tracking grid arbitrage yet?
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OnlyOnMainnet
· 12-08 07:42
Mining cost is 90,000? Someone should have calculated this clearly a long time ago, it's really something.
Miners are selling coins to cover electricity bills, the pressure is immense, and things look shaky in the short term.
With the 90,000 cost barrier, any further increase in electricity prices is just fleecing the miners.
A lot of miners really can't hold on; some will be forced out in this round.
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UnluckyLemur
· 12-08 07:39
Life is really tough for miners; as soon as electricity prices go up, they have to relocate, otherwise they'll go bankrupt.
How tough is life for Bitcoin miners right now? The latest estimates from a certain Wall Street investment bank provide an answer.
According to the current common mining conditions (electricity cost of $0.05/kWh), the average production cost for miners is around $90,000. What’s even more critical is that electricity prices are extremely sensitive—every 1 cent increase means miners with poor cost control need to pay an extra $18,000.
Currently, the market price is fluctuating right around this cost line, and many miners can’t hold on anymore—they’ve started selling off their hoarded coins to cover electricity bills. Once this kind of passive selling pressure builds up, it’s definitely not good news for the price. Simply put, the mining community is basically just barely breaking even, and even a little turbulence could force them to take losses.