According to Cointelegraph, Bitcoin miner profit margins have fallen to a record low, with daily returns per 1 TH/s dropping from $0.39 to $0.28. Miners and mining pools hold $110 billion in Bitcoin, with net holdings turning negative since early May. The cost of producing one Bitcoin is approximately $62,600, with an electricity break-even point at $50,100; American Bitcoin Corp’s per-unit mining cost is around $36,200. Some miners are redirecting their power resources toward AI data center operations, and institutional spot Bitcoin demand has surpassed miner output.
Bitcoin miner profitability reaches an all-time low
AiCoinShare
Summary
Bitcoin news reports that miner profitability has reached an all-time low, with daily revenue per 1 TH/s hash rate falling to $0.28 from $0.39. Miners and pools currently hold $110 billion in Bitcoin, with net holdings negative since early May. The production cost is approximately $62,600, and the electricity breakeven point is $50,100. American Bitcoin Corp’s cost is around $36,200. Some miners are reallocating energy to AI data centers, while Bitcoin analysis shows institutional spot inflows have exceeded miner output.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.