Bitcoin Miners' Mining Cost Reaches $88,000

Odaily Planet Daily reports that, according to Checkonchain’s difficulty-based cost model data, the average production cost for Bitcoin miners is about $88,000, while the current market price is approximately $69,200, resulting in an average loss of about 21%. Bitcoin previously dropped from $126,000 to below $70,000, and recent oil prices rising above $100 further increased electricity costs. The actual closure of the Strait of Hormuz has tightened global oil and gas supply expectations, intensifying miners’ cost pressures.

At the network level, mining difficulty decreased by 7.76% to 133.79 trillion in the latest adjustment, one of the largest declines this year, down about 10% from the beginning of the year. Hashrate fluctuates between approximately 900 and 950 EH/s, below the 2025 milestone of 1 EH/s, with average block times extended to about 12 minutes and 36 seconds. Hash price hovers around $33 per PH/s, close to the breakeven point for most mining machines.

Currently, about 43% of Bitcoin supply is in loss. When mining revenue cannot cover operating costs, miners typically sell Bitcoin to pay expenses, increasing market selling pressure. Several publicly listed mining companies, including Marathon Digital and Cipher Mining, are shifting resources toward AI and high-performance computing businesses. Bitdeer has reduced its Bitcoin holdings to zero, and Core Scientific plans to sell large inventories to fund AI-related infrastructure development. The next difficulty adjustment is expected in early April; if current conditions persist, further reductions are likely.