Electrical Cost vs. Miner Price
Bitcoin miners are facing a situation where their revenue (Miner Price) is falling below their electricity costs (Electrical Cost). This has happened only four other times in the past decade.
How Miner Price Works
Miners earn revenue from block rewards (BTC) and transaction fees. Transaction fees are divided by the number of BTC mined, as they’re only paid out alongside block rewards.
Historical Trend
When Miner Price falls below Electrical Cost, Bitcoin’s price has historically shown strong bullish momentum.
Current Situation
Bitcoin Miner Price has recently fallen below Electrical Cost, signaling potential bullishness.
BTC Price
Bitcoin’s price has retraced slightly after reaching above $66,000, currently trading around $64,800.
