Data, Analysis: The energy crisis raises mining costs, with miners facing a loss of nearly $19,000 per BTC
Data shows that the economic pressure on Bitcoin mining is intensifying. The current average production cost per coin is about $88,000, while the current Bitcoin price is around $69,200, meaning miners are facing a loss of nearly $19,000 per BTC, resulting in an overall loss of about 21%. Meanwhile, the overall mining difficulty has decreased by approximately 7.8%, marking the second largest drop within 2026, reflecting the exit of computing power and rising network pressure.
Analysis suggests that rising energy prices combined with the tense situation in the Middle East further increase mining costs, and electricity costs continue to be under pressure. If miners are forced to sell Bitcoin to maintain operations, it may create additional selling pressure on the market. If Bitcoin prices remain below the cost line and difficulty continues to decrease, the process of miners clearing out may continue, putting pressure on the spot market structure in the short term.
You may also like

Exchanging 200,000 for nearly 100 million, DeFi stablecoins face another attack

The underlying business agreement of the trillion-dollar Agent economy: Understanding ERC-8183, it's not just about payments, but the future

When Wall Street's ETH begins to "yield": Looking at the asset properties of Ethereum from BlackRock's ETHB

The Power of Agency: The Agentic Wallet and the Next Decade of Wallets

Understanding x402 and MPP in One Article: Two Routes for Agent Payments

Particle Founder: The entrepreneurial insights I have gained the most from in the past year

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

The second half of stablecoins no longer belongs to the crypto circle

Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation

The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations

Is the income of pump.fun real, earning a million dollars a day despite the market downturn?

The real reason why tokens are not selling: 90% of crypto projects neglect investor relations

Who is the true winner of the "Tokenization" narrative?

Moss: The Era of AI-Traded by Anyone | Project Introduction
