CoinShares: It is projected that the average production cost for each Bitcoin,

Kabir903

On January 14th, CoinShares released its mining report for 2023, revealing a 104% growth in Bitcoin mining hash rate. This has raised questions about the environmental sustainability and profitability of Bitcoin mining, especially concerning network efficiency and energy costs. The report anticipates that, post-halving, the average production cost for each Bitcoin will be $37,856. Most miners are expected to face cost challenges related to sales and administrative expenses, necessitating cost reduction measures to maintain profitability. Only Bitfarms, Iris, CleanSpark, TeraWulf, and Cormint are projected to remain profitable unless the price of Bitcoin stays above $40,000.

Jiten171

If one can make a profit, other things become less significant.

Indra55

Playing games is always for the purpose of making a profit; no one wants to incur losses.

Kahn332

This cost is indeed quite high.