Data: Bitcoin Mining Costs $33,900, Current Market Price Premium Nearly 3X
According to Glassnode, an on-chain data analytics platform, the difficulty regression model estimates that it costs $33,900 to mine one bitcoin, while the current bitcoin trading price is around $104,000.
While the difficulty of mining has continued to rise in this cycle, the approximately 3x profit margin demonstrates the resilience of miners.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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