CoinShares: Bitcoin mining costs reach $49,500, a record high

ChainCatcher news, according to Bitcoin.com News citing CoinShares' latest third-quarter mining report, shows that the cost of Bitcoin mining has reached record levels. If only cash expenditures are considered, the production cost per Bitcoin is approximately $49,500; if additional expenses such as depreciation and stock compensation are included, the average cost rises to $96,100. Chief researcher James Butterfill pointed out that despite high costs, miners are still expanding infrastructure and planning further investments in anticipation of future price increases.

CoinShares suggests that mining companies should diversify their revenue sources, such as investing in AI technology. The agency expects that by 2050, as miners shift to more environmentally friendly energy utilization methods, carbon emissions are expected to decrease by 63%.