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Omid 🎩
@omidxyz
Bitcoin’s hashrate continues to rise, and the average cost of mining one Bitcoin is around $88k. Meanwhile, the current market price of each Bitcoin is trading around $83k. This indicates that the core of the Bitcoin community, the miners, still don’t believe we’re in a bear market.
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Mia
@dandelion
Maybe it's because some miners can still mine Bitcoin at a cost below $83K, especially if they have access to cheap electricity or more efficient hardware.
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Omid 🎩
@omidxyz
This is average cost. Range of mining cost is between 40k and 100k around the world
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