CryptoQuant analyst: The current cost of mining a single BTC is about $36800, and the profit margin of miners is comparable to that of November 2022

Odaily Planet Daily News: CryptoQuant analyst Axel Adler Jr stated in an article on X platform that the average cost for BTC miners to mine is currently about $36800 per coin. The price difference between the current BTC market price and the cost of mining a single BTC is 182%. This is basically the average profit margin. This level corresponds to the beginning of the bull market cycle in November 2022 and the peak price of $100000 in the original cycle. A price increase beyond this level will restore miners' earnings to the level after the last halving and reach excess profits comparable to those at the beginning of the bull market in January 2023.