$BTC $XRP Bitcoin has an energy cost floor. Miner pressure is beginning to show.
The real-world energy economy (WAHA power):
Operational costs (Operating expenses): 5.9 cents per kWh → Break-even point at around $66,000 per Bitcoin.
Total cost (Operation + Capital + Downtime + Taxes): 8.6 cents per kWh → Break-even point at around $96,000 per Bitcoin.
Current Bitcoin price: approximately $91,000.
- Reality: Miners are currently generating positive cash flow to cover operating costs, but they are losing in the long run (when all costs are considered).
Look at the Bitcoin hash rate (Hashrat