đ¨ **Bitcoin Mining Costs Skyrocket Post-Halving!** đ¨
- The cost of mining Bitcoin (BTC) has surged since Aprilâs halving, per NFT Evening's September study.
- In Ireland, mining one BTC costs around $321,112, while in Iran, it's about $1,324.
- U.S. miners faced a 50% loss when BTC dropped to $57,909 last month, despite the country being a major mining hub.
- The halving event, which reduces block rewards every four years, has pushed miners to seek cheaper energy sources or face legal issues in countries like China.
- High energy tariffs in Europe have made BTC mining less profitable, with costs in Germany and the U.K. reaching five times BTCâs spot value.
đŹ **What do you think about the future of Bitcoin mining? Share your thoughts below!**
