Bitcoin mining is on the brink of breakeven and undergoing structural adjustments

According to BIT analysis, the Bitcoin mining industry is undergoing its most complex structural adjustment since the birth of the protocol. The price of Bitcoin remains around $61000, and the overall network computing power is close to 1ZH/s at a historical high. Profit margins continue to be under pressure, and there is a mismatch in incentive mechanisms. The halving in 2028 will force the industry to undergo a systematic reassessment. The five independent analysis frameworks all point to the fact that Bitcoin mining is currently operating on the edge of breakeven, and there is no credible alternative source of income formed within the pure mining business.