The average cost of mining 1 BTC has climbed to about $74,600.
According to CoinShares, if you also factor in equipment depreciation and stock-based compensation, the real average cost rises to roughly $137,800 per BTC.
Ideally, miners would like to see Bitcoin above $140K in the near future — otherwise many companies may be forced to sell coins at a loss or even shut down operations.
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The average cost of mining 1 BTC has climbed to about $74,600.
According to CoinShares, if you also factor in equipment depreciation and stock-based compensation, the real average cost rises to roughly $137,800 per BTC.
Ideally, miners would like to see Bitcoin above $140K in the near future — otherwise many companies may be forced to sell coins at a loss or even shut down operations.