Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
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 on Sunday morning, creating a gap…