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127 sats \ 2 replies \ @grayruby 7 Jul \ on: Miner Stress Hits 'Historically Rare' Level as 20% of Miners Operate at a Loss bitcoin bitcoin_Mining

How can the production cost be 78k if only 20% of miners are operating at a loss?

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54 sats \ 1 reply \ @Scoresby OP 7 Jul

maybe it has to do with how they are computing this "average production cost" number -- it must be the case that many miners are producing bitcoins for much less than $78k.

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106 sats \ 0 replies \ @grayruby 7 Jul

Yes but I am sure a lot of miners are hurting at these prices.

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