Bitcoin’s yield is no longer worth it

After immersion, which coincided with the storage exchange collapsed (remember when Bitcoin was supposed to be hedging against market variability?), Cryptocurrency is directed back to its high high level. However, cryptocurrency production seems to be no longer worth it, even for some bigger mining operations. According to Data recently published by CoinsharesThe cost of electricity and computing energy needed to pass for Bitcoin now often exceeds the actual value of the coin.

Here’s how mathematics falls apart: it is now worth over $ 82,000 for big mining companies to dig a bitcoin, which is currently valued at about $ 95,000 during publication. This is still technically profitable, although the margins have become powerful compared to where they were even just a quarter before. It costs about $ 56,000 in the third quarter of 2024 to make the necessary computing calculations to go for Bitcoin, of coinsharesSo this price has jumped about 47% in just a few months.

Of course, most people are not industrial miners. For the smaller organizations, the equation leaves them under water. For miners in the United States, who work in everything that is less than a large scale, it is estimated that the price is closer to $ 137,000 spent on a mine for a BTC. If you make your yield in Germany, mathematics deteriorates: it will expire about $ 200,000 for a coin. No price is approaching even the high moment of Bitcoin, which means you will have to take a loss in the front and stay, hoping to stimulate cryptocurrencies to new peaks in the future.

“Why” of this sudden price gap there are several vitamins on it (and it is worth noting that some have argued Mater’s mathematics does not work for some time). The first is the growing price of electricity, a problem that is Hitting the United States and many nations abroad – the result of inflation, Trump’s trade warand Increased demand by high use technologies As artificial intelligence. These rates also drive up Miningalso. There is also the fact that Bitcoin in half about a year agoA process that lowers the yield award and is designed to slow down the speed of new coins entering the market. So it becomes more expensive for mine and there is less payment for it.

For most people, nothing valuable will be lost by Bitcoin extraction, stopping to be profitable. But this is the potentially sharpening of Bitcoin’s boats and there is no problem. For a currency that is supposed to be decentralized and some equalization in a way that fiat is not, wealth has largely accumulated on top. According to BitinfochartsTop 1% of the portfolio addresses have more than 90% of all BTC in circulation. If the yield has ever been a leafier, this is certainly not now, given the cost. The rich become more rich.