Bitcoin Miner Losses
Annualized miner loss around $4.7 billion
broward horne
Annual miner income: $77K per coin x 165K coins = $12.7 billion
Annual energy cost: 188 terawatts x $0.105 / kwatt = $19.7 billion
Annual miner loss: $7 billion
My prediction from 18 months ago:
"Surviving miners could lose $6 billion in 2024
instead of $4-5 billion"
My timing is off by a few months but spot on about higher miner losses than the 2023 miner crash when 50% went bankrupt. Miners have collectively lost money for a full year now, probably around $4 billion so far.
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