Bitcoin Mining Cost Reaches $78,000
- —The cost of mining 1 BTC is estimated at $78,000
- —Bitcoin's price is holding around $78,000–81,000
- —Unprofitable mining threatens a sell-off of mined coins
Why it matters: If the price drops below the cost of production, miners may start selling BTC reserves, adding pressure to the market.
Source: Google News (crypto query)