📈 Bitcoin mining costs hit record levels! Miners remain optimistic about investment! 💰

According to Bitcoin.com News citing CoinShares' latest third-quarter mining report, the mining cost of Bitcoin has surged to unprecedented levels!💥

🔹 Cash expenditure: The production cost per Bitcoin is approximately $49,500.

🔹 Total cost: Considering additional expenses such as depreciation and stock compensation, costs can even reach $96,100!

Despite facing high cost pressures, miners are still expanding their infrastructure, preparing for further investments, hoping for a future price recovery.🌱

⚡️ Furthermore, Bitcoin's total network hash rate once exceeded 800 EH/s, reaching a historical high of 803.75 EH/s, with the current seven-day average hash rate at 749.05 EH/s. This indicates that miners' confidence remains strong; even with limited financing channels, they are raising funds by issuing stocks.

In this highly volatile market, miners' optimism and continuous investment may pave the way for future price increases.📊

Summary: High costs have not dampened miners' enthusiasm; rather, they reflect their confidence in Bitcoin's future. Understanding market dynamics and miner behavior when investing in cryptocurrencies may help you make more informed decisions!💡

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