Bitcoin Falls 20,000 Below Mining Cost: What It Means for the Market – An Editorial by Jazzman
To put it simply: the situation is serious, but not catastrophic. On the morning of March 23, the price of Bitcoin dropped below 68,000. Meanwhile, the average cost to mine a single coin, according to data from Checkonchain, stands at around 88,000. The gap is 20,000.
That means miners are currently operating at a loss. Every Bitcoin they mine costs more than what they can sell it for. This already happened earlier this year, but in March the gap has only widened. Let’s take a closer look at what’s going on and why it matters for anyone following the market.
What the Numbers Say
Let me start with the main point: mining cost is not an abstract figure. It includes electricity, hardware, cooling, and facility rent. In mid-March, the average across the industry reached 88,000. The price,…
https://crypto-jazz.com/bitcoin/2026/03/23/bitcoin-price-below-mining-cost/
