Archive: https://archive.today/RAmKY From the post: >>The math has turned against bitcoin miners, and the war is making it worse every week. Checkonchain's difficulty regression model, which estimates average production costs based on network difficulty and energy inputs, pegged the figure at $88,000 per bitcoin as of March 13. Bitcoin is trading at $69,200 as of Sunday, creating a gap of nearly $19,000 per coin and meaning the average miner is operating at a 21% loss on every block mined. The cost squeeze has been building since October's crash took bitcoin from $126,000 to below $70,000, but the Iran war accelerated it. Oil above $100 feeds directly into electricity costs for mining operations, particularly the estimated 8-10% of global hashrate operating in energy markets sensitive to Middle Eastern supply.