# Bitcoin prices are hovering very close to the average cost of production for Bitcoin miners

**URL:** <https://community.onyx.org/t/bitcoin-prices-are-hovering-very-close-to-the-average-cost-of-production-for-bitcoin-miners/1655>\
**Category:** Crypto News\
**Created:** [July 7, 2024, 5:42pm UTC](https://community.onyx.org/t/bitcoin-prices-are-hovering-very-close-to-the-average-cost-of-production-for-bitcoin-miners/1655 "2024-07-07T17:42:39Z")\
**Posts on this page:** 3\
**Page:** 1

<div class="post-metadata">

**Author:** ![defitime](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/defitime/32/53_2.png) [@defitime](https://community.onyx.org/u/defitime)\
**Post date:** [July 7, 2024, 5:42pm UTC](https://community.onyx.org/t/bitcoin-prices-are-hovering-very-close-to-the-average-cost-of-production-for-bitcoin-miners/1655/1 "2024-07-07T17:42:40Z")

</div>

[https://x.com/jbutterfill/status/1809168555738337621](https://x.com/jbutterfill/status/1809168555738337621)

---

<div class="post-metadata">

**Author:** ![Adam99](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/adam99/32/36_2.png) [@Adam99](https://community.onyx.org/u/Adam99)\
**Post date:** [July 7, 2024, 5:45pm UTC](https://community.onyx.org/t/bitcoin-prices-are-hovering-very-close-to-the-average-cost-of-production-for-bitcoin-miners/1655/2 "2024-07-07T17:45:28Z")

</div>

retail miners are cleaned up in this chop

---

<div class="post-metadata">

**Author:** ![bigdoge](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/bigdoge/32/50_2.png) [@bigdoge](https://community.onyx.org/u/bigdoge)\
**Post date:** [July 7, 2024, 5:49pm UTC](https://community.onyx.org/t/bitcoin-prices-are-hovering-very-close-to-the-average-cost-of-production-for-bitcoin-miners/1655/3 "2024-07-07T17:49:19Z")

</div>

To produce 1 bitcoin, total cost = electricity cost + labor cost + warehouse cost + etc.…

Average Electricity cost now is 60k  
Total cost is much bigger

But BTC is being traded at 56k