Bitcoin Minin2026-06-28 14:01:052028 Halving Countdown: Bitcoin Mining Profitability Worsens and Business Model Shift — Who Will Survive the Shakeout?Bitcoin mining is undergoing its most complex structural adjustment since the protocol's inception. With BTC price around $61,000 and network hashrate near 1 ZH/s, miners' actual daily revenue is only about $33 million, 136% below the theoretical $78 million. Fee revenue remains depressed at ~$0.22 million/day, far from the historical implied $9.7 million. Cost pressures are severe: in 2025, electricity costs accounted for 71.5% of total miner revenue of $17.2 billion, putting the industry breakeven around $65,000. Post-2028 halving, production costs could rise to ~$92,289, accelerating consolidation toward institutional miners with low-cost power, AI/HPC hosting, and diversified revenue streams.1350
Bitcoin Minin2026-06-27 08:31:44BIT Research: The 2028 Halving Is Not the End; Real Shakeout in Bitcoin Mining Has Just BegunBitcoin mining faces dual pressures of deteriorating profitability and imbalanced revenue structures. At current prices, miners' actual earnings are far below theoretical levels, with electricity costs pushing the breakeven price to $65,000. The 2028 halving will accelerate industry consolidation, forcing miners to pivot from pure mining to infrastructure services such as energy management and AI/HPC compute hosting. Business model upgrades are becoming the key competitive factor.1440
