The current average production cost of BTC is around $85,233 per unit
"The market price is below the production cost, causing losses for the majority of miners"
);)
According to the foreign media Bitcoin.com, based on data from blockchain data provider Micromine on December 9, the production cost of Bitcoin is around $85,233 per unit, and as Bitcoin has fallen to $80,000, the possibility of further decline in Bitcoin is suggested.
Earlier on the 11th, Bitcoin fell to $79,000 during the day due to the 'fear of R' caused by the expansion of the trade war by former President Trump. Despite the inflow of low-price buying, Bitcoin is trading around $82,000 as of 9 am on the 12th. As the market price falls below the production cost, new miners are selling their holdings, and this selling pressure could accelerate the market decline.
Micromine claimed that the data it provided, which set the mining cost of Bitcoin at around $50,000 per unit, excludes various operating expenses incurred in the mining operation, and the actual mining cost for miners is significantly higher than that.
Bitcoin.com emphasized that while large-scale mining operations like Marathon Holdings and Riot Blockchain can maintain profitability even with a large decline in Bitcoin, the majority of mining operations will suffer significant losses in the recent Bitcoin decline.
