Bitcoin Miners Facing $19,000 Loss Per BTC as Production Cost Hits $88,000 Amid Difficulty Drop
According to reports, Bitcoin miners are currently experiencing a loss of $19,000 for every BTC produced. This situation coincides with a 7.8% decrease in mining difficulty. The average production cost for Bitcoin was approximately $88,000 per BTC in mid-March, as determined by Checkonchain's difficulty regression model. This indicates a significant financial challenge for miners, highlighting the disparity between their operational costs and the value of the Bitcoin they mine, despite the recent drop in network difficulty.
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