Bitcoin mining costs exceed $70,000, miners' profit margins squeezed
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币界网报道：The cost of Bitcoin mining has soared to more than $70,000, exceeding the current market price, mainly due to rising energy costs and reduced block rewards after the halving in 2024. This has led to a squeeze on miners' profit margins and increased operational pressure. Although Bitcoin's computing power remains high, the Bitcoin reserves held by miners have dropped significantly, indicating that some miners are selling Bitcoin through over-the-counter trading channels to cope with rising costs. Miners are currently facing a break-even situation, and the survival pressure of small miners is particularly significant.
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