Bitcoin Miners Face Growing Pressure as 22.7% Operate at Loss

According to recent data from Wu Blockchain, approximately 22.7% of major Bitcoin mining machines are currently operating at a loss.

This means that for these machines, daily mining revenue falls short of electricity and other operational costs, based on current electricity rates and Bitcoin network conditions.

The analysis also suggests that even the most power-efficient mining machine would struggle to cover its costs if Bitcoin's price drops below approximately $46,787.