> Want some free money? You have all weekend to buy BTC before it recovers to $120k.

Plenis wrote:

people who got bitcoins early were able to cash out for millions. You're sounding like an old fool.

Thats how pyramid schemes emes work. First round or two wins. On the backs of the rest.

wrote:

The largest coin fell as much as 3.3% on Sunday to trade around $68,150,

Now around $67,900. Buy now or be priced out forever.
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AFAIK, the OP of this thread no longer posts here.

Whoopise.

Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%

The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.

What to know:

    Bitcoin miners are operating at steep losses, with average production costs around $88,000 per coin versus a market price near $69,200, as rising energy prices and war-related disruptions squeeze margins.
    Geopolitical tensions in the Middle East, including oil above $100 and the effective closure of the Strait of Hormuz, are driving up electricity costs and contributing to falling hashrate, slower block times, and sharp drops in network difficulty.
    Strained mining economics are forcing miners to sell more bitcoin and push into AI and high-performance computing for steadier revenue, adding pressure to a market already weighed down by underwater holders and heavy leverage.

The math has turned against bitcoin miners, and the war is making it worse every week.

Checkonchain's difficulty regression model, which estimates average production costs based on network difficulty and energy inputs, pegged the figure at $88,000 per bitcoin as of March 13.

Bitcoin is trading at $69,200 as of Sunday, creating a gap of nearly $19,000 per coin and meaning the average miner is operating at a 21% loss on every block mined.

The cost squeeze has been building since October's crash took bitcoin from $126,000 to below $70,000, but the Iran war accelerated it. Oil above $100 feeds directly into electricity costs for mining operations, particularly the estimated 8-10% of global hashrate operating in energy markets sensitive to Middle Eastern supply.

Difficulty dropped 7.76% on Saturday to 133.79 trillion, the second-largest negative adjustment of 2026 after February's 11.16% plunge during Winter Storm Fern. Difficulty is now nearly 10% below where it started the year and far below November 2025's all-time high of nearly 155 trillion.

The hashrate has retreated to roughly 920 EH/s, well below the record 1 zetahash level reached in 2025. Average block times during the last epoch stretched to 12 minutes and 36 seconds, well above the 10-minute target.

Hashprice, the metric tracking expected miner revenue per unit of computing power, is hovering around $33.30 per petahash per second per day, according to Luxor's Hashrate Index. That's near breakeven for most hardware and not far from the all-time low of $28 hit on Feb. 23.

When miners can't cover costs, they sell bitcoin to fund operations. That selling adds supply pressure to a market already dealing with 43% of total supply sitting at a loss, whales distributing into rallies, and leveraged positioning dominating price action. Mining economics aren't just a sector story. They're a market structure story.

The publicly traded miners have been adapting by diversifying into AI and high-performance computing, which offer more predictable revenue than mining bitcoin at a loss. Marathon Digital, Cipher Mining, and others have been building out data center capacity alongside their mining operations.

The next difficulty adjustment is projected for early April and is expected to decline further according to CoinWarz data. If bitcoin stays below $88,000, and there's no sign of a return to that level in the near term, the miner exodus continues, and difficulty keeps falling.

The network self-corrects by design, making it cheaper to mine as participants leave. But the period between when costs exceed revenue and when difficulty falls low enough to restore profitability is where the damage happens, both to miners and to the spot market that absorbs their forced selling.

Make it up in volume!
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So this is essentially a videogame played with costs in real money and prizes with no value. Got it.