On the other hand, their estimated production expenses total approximately $35.8 billion. This resulted in a net surplus of +$13.0 billion across the mining industry, leading to an all-time profit margin of 37%.The profitability assessment is based on the Miner Thermocap and Cumulative Production Cost metric. The realized revenue for miners encompasses Thermocap and Transaction Fees, while Difficulty Production Cost represents the aggregate mining input expense.
Although miners have remained profitable, the data also indicated that profitability had been relatively tight since 2015.holdings, particularly among miners. According to Santiment, despite the recent decline in revenue, miners were yet to show a significant inclination to offload their holdings in search of greater profits. There has been an observable trend of increased withdrawals of BTC from exchanges, leading to negative flows.
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