Bitcoin
Miners are facing a mounting pressure when the network’s hash rate and difficulties continue to climb, and tighten the margins even when Bitcoin’s price is stable, according to Themine’s monthly report.
The network mining problems hit a record 126.98 trillion, propelled with a 14-day average hash rate of 913.54 Exahashes per day. Second (EH/S). Transaction fees In June, less than 1% of the block payments fell and hashish dropped to $ 52 per year. PH/s before they rebuilt a little.
Escaling of competition and energy costs is expected to operate production costs over $ 70,000 per year. BTC, up from $ 64,000 in the first quarter of the year, the report says.
To remain competitive, public miners such as Mara Holdings (Mara), Cleanspark (CLSK), Riot Platforms (Riot) and Iren (Iren) accelerate Buildouts. Mara grew her hash rate by 30% in May, while HIVE (HIVE) added 32% after activating a new facility in Paraguay. Cipher mining (digifr) targets a 70% boost by expanding its Texas operation.
ASICs in Top-Tier now cost between $ 10 and $ 30 per day. Terahash, says the report, with operational repayment periods that extend for as long as two years. It assumes an electricity rate of $ 0.06/kWh – already out of reach for some. For example, Terawulf paid $ 0.081/kWh in the first quarter and pushed his fleet hash cost up by over 25%.
Meanwhile, mining from Bitcoin’s pricing benefits. Iren, Core Scientific (Corz) and Bit Digital (BTBD) were all in the green over the past month, while Canaan (CAN) and BitFarms (Bitf) were both double digits during the same period.
The shift suggests that investors are aware of business models rather than just Bitcoin’s price action.
