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Bitcoin Mining Costs Rise To $49,500 In Q2 As Miners Turn To AI For Revenue

  • Bitcoin mining costs surged to $49,500 per Bitcoin in Q2, up $2,300 from Q1, as difficulty hit record highs.
  • Rising interest rates and limited credit push miners to seek funding via share issuance, diluting investor value.
  • Miners remain vulnerable to Bitcoin price shifts, especially with 2024's halving event.
  • Miners are exploring AI and other ventures to survive and generate better returns.

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