According to the results of a study by CoinShares, the cost of mining one bitcoin in the third quarter of 2024 reached $55,950.

Compared to the second quarter, when miners spent an average of $49,500 on bitcoin mining, the cost of mining 1 BTC increased by 13% to $55,950. Given the current cryptocurrency rate, reaching $102,230, it turns out that bitcoin mining brings an impressive profit of 83%.

Marathon took first place among mining enterprises in terms of bitcoin mining efficiency, because the company spends $42,864 to obtain 1 BTC. The worst in this indicator was the organization Argo, which spends $90,943 on mining one bitcoin.