CryptoQuant analyst Axel Adler Jr calculated the common value for mining Bitcoin to round $36,800 per BTC. The present market worth in comparison with the price of mining may generate 182% revenue for miners.
In line with a latest put up by CryptoQuant analyst Axel Adler Jr, the present common manufacturing value required to mine 1 BTC (BTC) is the same as round $36,800. He was in a position to calculate the price of mining by combining the newest information from April 2025 with the common value of electrical energy, vitality effectivity, capex amortization and the Energy Utilization Effectiveness multiplier.
Based mostly on Adler Jr’s calculations, at Bitcoin’s present market worth, miners stand to achieve a 182% revenue in comparison with the $36,800 it takes them to mine a single BTC. Adler Jr famous that the sample is much like the beginnings of BTC’s earlier bull-run again in late 2022.
Within the earlier rally that began in November 2022, BTC shot up by almost 100%, surging from $16,000 to $30,000 by January 2023.
The common value of mining 1 BTC for miners is at the moment $36.8K. The unfold between the present market worth and the price of one coin = 182%. That is primarily the common profitability. This corresponds to the start of the bull cycle in November 2022 and the peaks of this… pic.twitter.com/ynCLNWYCsE
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) Might 13, 2025
“That is primarily the common profitability. This corresponds to the start of the bull cycle in November 2022 and the peaks of this cycle >$100K,” mentioned Adler Jr in his put up.
Assuming the worth stays nicely above the $36,800 mark, Adler Jr estimated miners will be capable to totally breakeven for every coin. He even said that miners will be capable to reap extra earnings similar to these reached throughout the starting of Bitcoin’s bull rally again in January 2023.
Worth chart for Bitcoin prior to now few hours, Might 13, 2025 | Supply: crypto.information
Learn extra: Bitcoin surges previous $105k on the heels of a U.S. and China commerce deal
At press time, Bitcoin has gone down 1.85% prior to now 24 hours, in line with information from crypto.information. BTC is at the moment buying and selling palms at $102,894. Nonetheless, it just lately reached a day by day peak of $104,635. Only a day prior, Bitcoin surpassed $105k for the primary time since January 31.
Most just lately, BTC has been on a rally fueled by a brief commerce truce between the U.S. and China. It was in a position to get better from the stoop it skilled again in early April when it fell beneath the $75,000 mark after world inventory markets crashed within the aftermath of President Trump asserting blanket commerce tariffs throughout greater than 60 nations and areas.
Previously month, BTC has been in a position to get better past the $100k threshold, rising by as a lot as 21.7%. In the meantime, prior to now week, BTC has gone up by almost 9%.
You may additionally like: Bitcoin miners present no signal of capitulation as structural indicators keep constructive, Bitfinex says
