Coinshares experts said that mining bitcoins, once considered the “golden residential” for enthusiasts and crypto companies, gradually turned into a financial trap. The market is faced with unprecedented challenges, the viability of most small market participants was in question.

According to report Coinshares for the fourth quarter of 2024, a sharp increase in the cost of mining bitcoins was associated with several objective factors, such as reducing the block for a block to 3.125 BTC, increasing the complexity of the bitcoin network, increasing electricity prices and the need to invest in more productive ASIC devices.

Against this background, the direct costs of the US mining companies for the production of one bitcoin increased by 47% per quarter, reaching a record value of $ 82,162. Given the non -coainage costs, for example, such as accelerated depreciation of equipment, the cost exceeded $ 137,000 per WTS.

In Germany, where electricity is much more expensive, the costs of mining companies for the extraction of one bitcoin approached $ 200,000, which makes the production of the first cryptocurrency in the country by almost impossible type of profit.

Since the process of mining bitcoins becomes a deliberately unprofitable even with a current market price of a crypto acting of about $ 95,000, this forces small miners to quickly get out of the game, giving way to large companies with access to cheap energy and the latest equipment.

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All this, according to Coinshares analysts, threatens the decentralization of bitcoin and can lead to the concentration of mining capacities in the hands of several players, reducing the stability of the network.

According to the NBER study, quoted On scoop.market.us, 0.1% of bitcoin mainers control more than 50% of the total network of the network, and the top 10 miners-almost 90%. This indicates the crowding out of small players large, including pools.

In addition, high import duties on imported mining equipment from 24% to 54% promise to complicate the position of miners in 2025 to the American market. Especially those who use obsolete devices.

Earlier, the Kuwait Ministry of the Interior, the Ministry of Electricity, Water Resources and renewable energy sources, the Communications and Information Technologies Management and the State Directorate of Industry Kuwait made a joint statement on the inadmissibility of the resolution of digital assets in the country.