Bitcoin Average Mining Costs

Bitcoins are constantly being mined and will continue until 21 million Bitcoins are mined. This fixed number of Bitcoins cannot be mined so easily. There is a reason for this. It is estimated that it will take another 100-150 years before the last Bitcoin is mined. Currently, there are about 19 million bitcoins in the market but it will take 100-150 years to mine the remaining 2 million bitcoins.

One main reason for this is halving. The mining rate is halved through halving. Due to this, compared to what used to be mined in a day, mining is now half, and in the near future, this rate will be further halved.

Bitcoin mining is no longer free. Mining it requires a lot of electricity, maintenance cost, device cost, etc. This makes mining a bitcoin very expensive. As a result, it costs much more money than the current price.

Currently, it costs an average of 35 thousand to 40 thousand dollars to mine a bitcoin. But, it costs much more than the current price of Bitcoin. Despite this, Bitcoin mining has not stopped. Bitcoin is constantly being mined. And the miners are constantly mining at a loss. As a result, one thing can be clearly understood that miners are mining at a loss to take the price of Bitcoin to the next level in the future.

So I will say to all the users of Train Fan Club, work patiently, inshallah something good is waiting for you in the future. And it's going to happen very soon.