Bitcoin’s Falling Price Puts Miners on Edge

Bitcoin’s falling price is causing concern for miners as the cost of mining now exceeds its market value. Data from the Cambridge Bitcoin Electricity Consumption Index (CBECI) and the U.S. Energy Information Administration (EIA) indicate that the average cost of mining one Bitcoin in the U.S. is $94,746, while Bitcoin’s current market price is around $87,900. This trend is similar in other countries, with China’s average business energy rate at $0.11 per kWh, making the cost to mine one Bitcoin $88,869. Paraguay is an exception with an average mining cost of approximately $59,650. Some mining companies have shifted to AI data centers, while others are reducing debt and optimizing operations to stay profitable.