$BTC $XRP Bitcoin's price 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 Bitcoin price.
Total cost (Operation + Capital + Downtimes + Taxes): 8.6 cents per kWh → Break-even point at around $96,000 Bitcoin price.
Current Bitcoin price: approximately $91,000.
- Reality: Miners are currently generating positive cash flow to cover operations, but they are losing in the long run (when all costs are considered).
Look at the Bitcoin hashrate (