New model proves miners need Bitcoin above $74k to break even on power – but other costs push it over 6 figures

Riot case study shows US Bitcoin miners can clear power costs long before they clear full profit Bitcoin mining costs are often reduced to a single number: the “cost to mine one BTC.” In reality, that figure depends on what layer of the business you measure. Electricity determines whether machines should run today, operating expenses determine whether a mining fleet supports the broader company, and accounting costs …