Bitcoin mining is no longer worth it

After a decline in coincidence with the collapse of the stock market (remember when Bitcoin was supposed to be a hedge against market fluctuations?), The cryptocurrency pushes its highest levels ever. Nevertheless, it appears that mining for cryptocurrency is no longer worth it, even for some larger mining operations. according to Data published by Coinshares recentlyThe cost of electricity and mathematical energy needed to extract bitcoin by the actual value of the currency.

Below is how mathematics collapses: For large mining companies, it now costs more than $ 82,000 to extract a single bitcoin currency, which is currently estimated at about $ 95,000 at the time of publication. This is still a technical profit, although the margins have become thin compared to the place they were just one quarter. It cost about $ 56,000 in the third quarter of 2024 to do the calculations needed to extract bitcoin, For all CoinsharesSo that the price jumped about 47 % in only a few months.

Of course, most people are not industrial miners. For smaller organizations, the equation leaves them underwater. For the dove in the United States who work in anything less than a huge range, the price is estimated to be closer to $ 137,000 spent on one BTC. If you are mining in Germany, mathematics gets worse: it will run about $ 200,000 for one coin. No Price is even approaching from the highest level in Bitcoin at all, which means that you will have to lose in the foreground and stick, in the hope of Skyrocts Cryptocurrency to the levels of new levels in the future.

Why from this sudden contradiction in the price has a few Mathematics in mining has not succeeded for a while now). The first is the high cost of electricity, which is a problem Striking And many countries abroad – as a result of inflation, Trump’s commercial warAnd Increased demand from high use technologies Like artificial intelligence. These customs duties also lead The cost of mining equipmentalso. There is also the fact that Bitcoin decreased to half a year agoIt is a process of reducing the mining reward and is designed to slow down the rate of new coins that enter the market. So it has become more expensive for me, and there are lower payments to do so.

For most people, nothing of value will be lost by stopping bitcoin mining to be profitable. But it may exacerbate the Bitcoin problem and an endless problem. For the currency that is supposed to be decentralized and a type of draw in a way that Fiat does not do, wealth has accumulated greatly on top. According to bitinfochartsThe highest 1 % of the wallet addresses contain more than 90 % of all BTC in the blood circulation. If mining is any goal, it is certain that it is not now, given the cost. The wealthy become richer.