Public Bitcoin miners are feeling the squeeze in Q2 2025. Latest figures show their average production cost reached $74.6K in cash expenses, while all-in costs climbed to $137.8K per BTC. These numbers reflect the ongoing pressure on mining operations as the industry navigates tighter margins. With Bitcoin's price volatility and operational overhead both playing major roles, miners are being forced to optimize efficiency or risk getting priced out. The gap between cash and all-in costs highlights the full burden of running large-scale mining infrastructure in today's market.

BTC-0.32%
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NFTArtisanHQvip
· 5h ago
the gap between cash costs and all-in costs... that's almost like deconstructing the meta-narrative of industrial production itself, no? reminds me of benjamin's work on mechanical reproduction but applied to computational labor. miners becoming increasingly abstract nodes in a paradigm shift toward pure efficiency metrics.
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WalletWhisperervip
· 5h ago
137.8k to mine one Bitcoin... Life is really tough. If it's not the mining machine underperforming, it's the electricity costs eating you alive.
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CoinBasedThinkingvip
· 5h ago
With mining costs so high, how can retail investors even participate... Can we only hold on tight to BTC and wait it out?
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DarkPoolWatchervip
· 5h ago
$137.8K in total cost? The miners can't afford to play anymore.
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GamefiHarvestervip
· 5h ago
It's tough for miners. With an all-in cost of $137.8K, if the coin price drops, it's game over.
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