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%.

ChainCatcher news, according to CoinDesk, JPMorgan stated in a research report on Thursday that the current hash rate and power consumption of the Bitcoin network imply that mining costs are expected to be around $45,000.The report pointed out that the more Bitcoin prices decline, the greater the number of unprofitable miners facing pressure to leave the Bitcoin network, which in turn leads to a larger decrease in hash rate and Bitcoin production (mining) costs. JPMorgan previously anticipated that the hash rate would significantly decline after the halving due to unprofitable miners exiting the network. This situation is now occurring, but with some delay.Analysts also noted that the boost from runes is temporary, and user activity and fees have sharply declined over the past week or two. This highlights the ongoing challenges Bitcoin miners face in maintaining a sustainable Bitcoin supply, especially in the post-halving environment.