HashrateUp on Nostr: CoinShares says up to 20% of Bitcoin miners may be unprofitable right now. Useful ...
CoinShares says up to 20% of Bitcoin miners may be unprofitable right now.
Useful headline, but the real number is never just the power price on the invoice. Payroll, financing, uptime, demand charges, voltage level, maintenance, curtailment, and fleet age all feed into the real cost to produce Bitcoin.
That is why short-term hashprice decisions are tricky. Mid-generation hardware at around 5c/kWh is under pressure, but the operators who know their true all-in cost will make better decisions than the ones only watching the spot hashprice chart.
I also covered Riot selling Bitcoin to fund the AI pivot, Bhutan and hydropower economics, Parasite Pool finding another block, and the shift toward better miner management and modular infrastructure from Tether, Canaan, Luxor, and MicroBT.
Watch the 13-min breakdown:
https://www.youtube.com/watch?v=RsxsLtrFgt0Published at
2026-05-11 12:27:17 CESTEvent JSON
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"content": "CoinShares says up to 20% of Bitcoin miners may be unprofitable right now.\n\nUseful headline, but the real number is never just the power price on the invoice. Payroll, financing, uptime, demand charges, voltage level, maintenance, curtailment, and fleet age all feed into the real cost to produce Bitcoin.\n\nThat is why short-term hashprice decisions are tricky. Mid-generation hardware at around 5c/kWh is under pressure, but the operators who know their true all-in cost will make better decisions than the ones only watching the spot hashprice chart.\n\nI also covered Riot selling Bitcoin to fund the AI pivot, Bhutan and hydropower economics, Parasite Pool finding another block, and the shift toward better miner management and modular infrastructure from Tether, Canaan, Luxor, and MicroBT.\n\nWatch the 13-min breakdown: https://www.youtube.com/watch?v=RsxsLtrFgt0",
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