Annual miner income: $82K x 165K coins = $13.5 billion
Annual energy cost: 182 terawatts x $0.105 / kwatt = $19.1 billion

annual miner loss: $5.6 billion

Miners have been losing money for almost an entire year now, and $5.6 billion is well within the range I predicted over a year ago. These companies like to play financial games to create the illusion of profitability but look at the latest EPS for the top ten miners. And I'm highly suspicious of the Iris Energy EPS.

Bitcoin Requiem
Bitcoin currently at $54,700, the same as when I posted this one month ago. Let’s guesstimate miner losses since the April 19th halving. Miner profits before the halving income: $70K price x 330K coins = $23.1 billion cost: 175 terawatts x $0.10 per k/watt = $17.5 billion
browardbroward horne

Here are the top ten Bitcoin miners:

Core Scientific: 4th QTR loss of $39.8 million
CleanSpark: earnings of -$0.07 per share
Marathon Digital: EPS* forecast at -0.32
Riot Holdings: EPS -0.18
Bitdeer Technologies Group: EPS* forecast at -0.24
Tera Wolf: EPS of -$0.09
Bitfarms: EPS forecast for the quarter is $-0.03
Cipher Mining: EPS forecast is $-0.11.
Hive Technologies: EPS forecast of -0.09
Iris Energy: Actual EPS $0.09