Bitcoin’s broken production cost floor is splitting miners into survivors and sellers

Bitcoin is trading just above $60,000 right now, and the network's estimated all-in cost to produce a single coin is near $84,300, so the gap between the two is roughly a quarter, leaving mining underwater on a full-cost basis across much of the network. For years, the assumption was that this simply couldn't happen, that The post Bitcoin’s broken production cost floor is splitting miners into survivors and sellers appeared first on CryptoSlate.