Mining Costs Reach $70K as Supply Approaches 19.9M
TLDR Mining costs for a single Bitcoin have reached approximately $70,000, with historical patterns showing that the price of Bitcoin often reaches 5x mining costs during bull markets. Bitcoin’s current trading price is $94,791, with significant institutional interest from companies like BlackRock and MicroStrategy. Block reward halving in April 2024 to 3,125 BTC, leading to … Read more