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According to research by CoinShares, the cost of mining one bitcoin in the third quarter of 2024 reached $55,950.Compared to the second quarter, when miners spent an average of $49,500 to mine Bitcoin, the cost of mining 1 BTC increased by 13% to $55,950.Considering the current cryptocurrency rate, which reaches $102,230, it turns out that Bitcoin mining brings an impressive profit of 83%.The top expenses for Bitcoin miners include electricity costs, non-production costs, and losses, incurred as a result of equipment wear and tear and depreciation. Some companies also have to spend a lot of money on paying off debts on loans. 3 replies
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