<![CDATA[Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin]]>Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin

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Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%

The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.

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(www.coindesk.com)

]]>https://board.circlewithadot.net/topic/3420519d-37a9-475a-b43a-ccbd80223047/bitcoin-miners-have-entered-the-red-as-it-now-costs-88-000-to-mint-a-69-000-bitcoinRSS for NodeFri, 17 Apr 2026 19:36:37 GMTSat, 11 Apr 2026 19:53:33 GMT60<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 09:55:44 GMT]]>@briankrebs @campuscodi indeed, cost doesn't matter if someone else is paying 🤡

]]>https://board.circlewithadot.net/post/https://infosec.exchange/users/d3tm4r/statuses/116391132838465476https://board.circlewithadot.net/post/https://infosec.exchange/users/d3tm4r/statuses/116391132838465476Sun, 12 Apr 2026 09:55:44 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 09:36:18 GMT]]>@bws @fabrice @campuscodi I just got *whooshed*

]]>https://board.circlewithadot.net/post/https://mastodon.social/users/makja/statuses/116391056382125477https://board.circlewithadot.net/post/https://mastodon.social/users/makja/statuses/116391056382125477Sun, 12 Apr 2026 09:36:18 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 08:51:44 GMT]]>@tekhedd how would that even work? How can someone launder money by mining bitcoin?

]]>https://board.circlewithadot.net/post/https://mstdn.io/users/chebra/statuses/116390881160195162https://board.circlewithadot.net/post/https://mstdn.io/users/chebra/statuses/116390881160195162Sun, 12 Apr 2026 08:51:44 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 08:47:12 GMT]]>@campuscodi I think this nicely shows that the estimated cost of mining a bitcoin is totally wrongly estimated. Nobody would let a machine run at a loss. They have no obligation to continue running it. Those who are currently running it are clearly able to produce a bitcoin for less than 69k.

]]>https://board.circlewithadot.net/post/https://mstdn.io/users/chebra/statuses/116390863309797319https://board.circlewithadot.net/post/https://mstdn.io/users/chebra/statuses/116390863309797319Sun, 12 Apr 2026 08:47:12 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 07:36:40 GMT]]>@campuscodi Something something this is good for Bitcoin.

]]>https://board.circlewithadot.net/post/https://mastodon.social/ap/users/116306625129462789/statuses/116390585986967007https://board.circlewithadot.net/post/https://mastodon.social/ap/users/116306625129462789/statuses/116390585986967007Sun, 12 Apr 2026 07:36:40 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 07:27:39 GMT]]>@rudy_paul200 @aizuchi I guess that tulip version is called "Triffid" 🤭

@campuscodi

]]>https://board.circlewithadot.net/post/https://norden.social/users/bent0_b0x/statuses/116390550538274608https://board.circlewithadot.net/post/https://norden.social/users/bent0_b0x/statuses/116390550538274608Sun, 12 Apr 2026 07:27:39 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 07:24:53 GMT]]>@aceade
* stored for later use *

@campuscodi

]]>https://board.circlewithadot.net/post/https://norden.social/users/bent0_b0x/statuses/116390539640443400https://board.circlewithadot.net/post/https://norden.social/users/bent0_b0x/statuses/116390539640443400Sun, 12 Apr 2026 07:24:53 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 07:21:14 GMT]]>@makja @fabrice @campuscodi that's the joke 😉

]]>https://board.circlewithadot.net/post/https://social.linux.pizza/users/bws/statuses/116390525309104829https://board.circlewithadot.net/post/https://social.linux.pizza/users/bws/statuses/116390525309104829Sun, 12 Apr 2026 07:21:14 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 06:58:48 GMT]]>@campuscodi so many uninformed takes ITT.

1) mining runs on specialised ASICs. memory/hdd shortages do not phase them.

2) the plan was always that minting income would transition to transaction fees. that this is happening now was to be expected: too much energy is spent, because too many players compete. we all knew that.

3) this correction drives down energy expenditure, and favors renewable energy infrastructure (one third is already hydro, better than world industry average)

]]>https://board.circlewithadot.net/post/https://mastodon.gamedev.place/users/lritter/statuses/116390437124084406https://board.circlewithadot.net/post/https://mastodon.gamedev.place/users/lritter/statuses/116390437124084406Sun, 12 Apr 2026 06:58:48 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 06:45:21 GMT]]>@Robsonde @campuscodi I don't think you'll get far with that approach today, the hashrate of any normal machine is minuscule compared to the dedicated hardware that professional miners use. Maybe if you have a whole botnet of hacked servers...

]]>https://board.circlewithadot.net/post/https://hci.social/users/floe/statuses/116390384235628271https://board.circlewithadot.net/post/https://hci.social/users/floe/statuses/116390384235628271Sun, 12 Apr 2026 06:45:21 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 06:31:39 GMT]]>@w_b @campuscodi
Never. At least not all together. Profits through wash trading and money laundering are to strong of an incentive and shitcoins serve that market to well.

]]>https://board.circlewithadot.net/post/https://ni.hil.ist/users/desirable_dialogue/statuses/116390330314626774https://board.circlewithadot.net/post/https://ni.hil.ist/users/desirable_dialogue/statuses/116390330314626774Sun, 12 Apr 2026 06:31:39 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 06:28:21 GMT]]>@mcc @campuscodi
Yes difficulty got adjusted.
Miners can have incentives to temporarily mine at a loss.
If you have an (temporary) adversary that depends on immediate cash flow with their mining activities, you can drive their mining operations temporarily off, which gives you a higher share in the market, which you can use to reduce the selling pressure, making your own holdings more valuable.
If this was the reason, idk, I'm just rambling.
All I know is that in this shitcoin economy there are lots of (semi) hidden incentives. Looking forward to the day they can't gain new cash flowing into their scam.

]]>https://board.circlewithadot.net/post/https://ni.hil.ist/users/desirable_dialogue/statuses/116390317371009034https://board.circlewithadot.net/post/https://ni.hil.ist/users/desirable_dialogue/statuses/116390317371009034Sun, 12 Apr 2026 06:28:21 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 06:13:08 GMT]]>@campuscodi (Plays "You Suffer" by Napalm Death)

]]>https://board.circlewithadot.net/post/https://bytes.programming.dev/notes/akyxlxkui81dfunihttps://board.circlewithadot.net/post/https://bytes.programming.dev/notes/akyxlxkui81dfuniSun, 12 Apr 2026 06:13:08 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 05:36:12 GMT]]>@pier @campuscodi

should've used boinc and gridcoin. you also dont earn money, but at least the solved tasks help real world problems

]]>https://board.circlewithadot.net/post/https://mastodon.social/users/utf_7/statuses/116390112301256224https://board.circlewithadot.net/post/https://mastodon.social/users/utf_7/statuses/116390112301256224Sun, 12 Apr 2026 05:36:12 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 05:02:05 GMT]]>@Robsonde @campuscodi ASICs are so much more power-efficient than GPUs that very little mining is done on hacked computers. It still happens because it's pure profit, but it's only a tiny portion of the total network hashrate.

]]>https://board.circlewithadot.net/post/https://indieweb.social/users/carnildo/statuses/116389978167250642https://board.circlewithadot.net/post/https://indieweb.social/users/carnildo/statuses/116389978167250642Sun, 12 Apr 2026 05:02:05 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 04:09:59 GMT]]>@campuscodi @JSteven GOOD.

]]>https://board.circlewithadot.net/post/https://mastodon.world/users/mlanger/statuses/116389773249367212https://board.circlewithadot.net/post/https://mastodon.world/users/mlanger/statuses/116389773249367212Sun, 12 Apr 2026 04:09:59 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 03:29:02 GMT]]>@BurritoSommelier bitcoin has so many mechanisms, just an absurd convoluted number of mechanisms

]]>https://board.circlewithadot.net/post/https://mastodon.social/users/mcc/statuses/116389612261391813https://board.circlewithadot.net/post/https://mastodon.social/users/mcc/statuses/116389612261391813Sun, 12 Apr 2026 03:29:02 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 03:04:27 GMT]]>@mcc well that’s a whole mechanism I wasn’t aware of, thanks for the info about that!

I was mostly looking into price points and when is it no longer cost effective, but I never saw that mentioned or taken into account

]]>https://board.circlewithadot.net/post/https://techhub.social/users/BurritoSommelier/statuses/116389515581648423https://board.circlewithadot.net/post/https://techhub.social/users/BurritoSommelier/statuses/116389515581648423Sun, 12 Apr 2026 03:04:27 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 02:47:28 GMT]]>@campuscodi

When is the whole scam going to shit the bed?

]]>https://board.circlewithadot.net/post/https://mastodon.world/users/w_b/statuses/116389448824433207https://board.circlewithadot.net/post/https://mastodon.world/users/w_b/statuses/116389448824433207Sun, 12 Apr 2026 02:47:28 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 02:36:39 GMT]]>@notyourfanboy @RegGuy @campuscodi

Sounds almost like they don't believe in the hype... 😁

]]>https://board.circlewithadot.net/post/https://snabelen.no/users/baardhaveland/statuses/116389406304362035https://board.circlewithadot.net/post/https://snabelen.no/users/baardhaveland/statuses/116389406304362035Sun, 12 Apr 2026 02:36:39 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 02:17:24 GMT]]>@campuscodi only if you aren't mining with renewable energy sources. Miners who took the hit a few years ago to invest in renewable energy are still in the green.

]]>https://board.circlewithadot.net/post/https://mastodon.social/users/bebadefabo/statuses/116389330562427975https://board.circlewithadot.net/post/https://mastodon.social/users/bebadefabo/statuses/116389330562427975Sun, 12 Apr 2026 02:17:24 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 02:01:31 GMT]]>@aizuchi @campuscodi Exactly. It feels like we’re living through the 'sequel' that no one asked for. History repeats itself, but this time it feels like it’s on fast-forward with the volume turned all the way up! 🎢

]]>https://board.circlewithadot.net/post/https://mastodon.social/ap/users/116382533636759821/statuses/116389268148787226https://board.circlewithadot.net/post/https://mastodon.social/ap/users/116382533636759821/statuses/116389268148787226Sun, 12 Apr 2026 02:01:31 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 01:56:57 GMT]]>@alexlubertozzi @fabrice @campuscodi "The answer is simple: Volume."
https://youtu.be/KodqIPMbyUg?si=Z54922Cb3kXpjozp

]]>https://board.circlewithadot.net/post/https://hachyderm.io/users/mogul/statuses/116389250194034798https://board.circlewithadot.net/post/https://hachyderm.io/users/mogul/statuses/116389250194034798Sun, 12 Apr 2026 01:56:57 GMT<![CDATA[Reply to Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin on Sun, 12 Apr 2026 01:56:45 GMT]]>@rudy_paul200 @campuscodi careful
World leaders are saying “hold my beer” even now

]]>https://board.circlewithadot.net/post/https://hachyderm.io/users/aizuchi/statuses/116389249387990154https://board.circlewithadot.net/post/https://hachyderm.io/users/aizuchi/statuses/116389249387990154Sun, 12 Apr 2026 01:56:45 GMT