#mining
❌ Checkonchain: The estimated cost to mine 1 BTC has risen to about $88,000. With a market price around $69,200, this means a gap of nearly $19,000 per coin.

This isn’t about the literal “cost for each miner.” The Difficulty Regression Model is an industry-wide all-in estimate, where network difficulty acts as a proxy for hardware, CAPEX, electricity, and overall network competition. In other words, the most efficient operators can have a much better economics than average, while older, more expensive fleets fare significantly worse.

@Cryptoz