Mining Bitcoin has never been this brutal for profitability. Hashprice just cratered to $35 per petahash—a structural bottom that's sitting way under the $44 median production cost most operations are dealing with. The squeeze is real. Even miners running latest-gen hardware with rock-bottom electricity rates are barely scraping by at breakeven. For anyone betting on new rigs? The payback timeline just got a whole lot uglier.
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ArbitrageBot
· 12-02 16:54
Now the miners really have to cry, the hash price has collapsed to $35.
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BrokenRugs
· 12-02 16:47
Now the miners must be crying, 35 dollars per PH is really not enough to eat.
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OldLeekConfession
· 12-02 16:35
Indeed, this round of Mine Disaster is simply a catastrophe for retail investors mining.
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MemecoinTrader
· 12-02 16:35
ngl the hashprice death spiral is peak accumulation theater rn... watch how fast retail panic-sells their hardware right before the real bounce. this is where the alpha lives fr
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AlwaysMissingTops
· 12-02 16:28
Damn, how many miners are going to go bankrupt because of this wave of losses...
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BlockchainTalker
· 12-02 16:27
Actually, if we examine the mining economics through basic game theory... this hashprice collapse is basically the market's way of saying "sorry fellas, you're holding the bags." $35 vs $44 production costs? that's not just margin compression, that's a structural reset nobody wanted to price in.
Mining Bitcoin has never been this brutal for profitability. Hashprice just cratered to $35 per petahash—a structural bottom that's sitting way under the $44 median production cost most operations are dealing with. The squeeze is real. Even miners running latest-gen hardware with rock-bottom electricity rates are barely scraping by at breakeven. For anyone betting on new rigs? The payback timeline just got a whole lot uglier.