The cost of mining Bitcoin has risen to $49,500 per Bitcoin in Q2, up $2,300 from Q1, as difficulty hits record highs. The rising interest rates and limited credit are pushing miners to seek funding via share issuance, which dilutes investor value. Despite higher expenses, miners remain vulnerable to Bitcoin price shifts, especially with the halving event in 2024.
Mining analysts are working on models predicting the total network hashrate, which remains on the rise even as costs increase. In the long term, if miners switch to sustainable energy sources like stranded natural gas, they may reduce their carbon footprint by 63% by 2050. However, economical energy is still vital, as hashrate increases operational expenses.
