The Q3 Bitcoin mining report released by #CoinShares showed that the weighted average cash cost of listed #Miners to produce 1 #Bitcoin❗ increased to about $55,950, an increase of 13% from Q2, and the total cost including non-cash costs was about $106,000.

Although the current Bitcoin price is $100,000, #Mining remains profitable, but the rapid growth of network computing power and the fact that some miners invest funds in AI infrastructure or hoarding #coins (HODL) strategies have weakened computing power growth and increased costs. High electricity prices in Texas in the summer have further pushed up the production costs of some miners.