The cost of Bitcoin (BTC) is now cheaper than the cost of mining one Bitcoin, according to the Difficulty Regression Model.
As per data obtained from Glassnode, the current cost of mining one Bitcoin is $18.8k, whereas the cost of one Bitcoin is $16,5771.8.
In addition, Tradingview’s data indicates that Bitcoin’s price is now lower than its electricity cost. Bitcoin’s Price is currently trading at around a 60% discount to Bitcoin Energy Value, based on the watts of energy used in the network. It’s the biggest discount since the price hit $4K on 13 March 2020 and $160 on 14 January 2015.
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