Report: Bitcoin mining costs rise to $49500, reaching a historic high

According to CoinShares' latest Q3 mining report, the cost of Bitcoin mining has climbed to record levels. If only cash expenditures are calculated, the production cost of each Bitcoin is approximately $49500; If including additional expenses such as depreciation and stock compensation, the average cost is even higher at $961.00. Chief researcher James Butterfill pointed out that despite high costs, miners are still expanding their infrastructure and planning further investments in anticipation of future price increases. CoinShares suggests that mining companies should explore diversified sources of income, such as investing in AI technology. The organization predicts that by 2050, carbon emissions are expected to decrease by 63% as miners shift towards more environmentally friendly energy use methods.