Research: Bitcoin miners have a breakeven point of $3,300 per bitcoin

Last week, CoinShares, a crypto asset research company, recently released a bitcoin mining report, saying that the Bitcoin network continues to grow, with an electricity bill of 5 cents per kWh plus 15 cooling and other operating costs. Bitcoin miners average Cash flow profit and loss is flat at around $3,300 in bitcoin. In addition, CoinShares also pointed out that in the past six months, the trend of bitcoin mines leaving China has slowed down. It is likely that the flood season in southwestern China is coming, providing cheap electricity to the mines. At the same time, Bitcoin mines have migrated in China, moving from Xinjiang, Inner Mongolia and other places to Sichuan, Yunnan and Guizhou, mainly due to changes in electricity costs during the flood season.