Small miners forced to sell all mined bitcoin due to rising costs

Increasing mining expenses are causing small miners to sell 100% of mined bitcoin to maintain their operational activities. Rising electricity prices and increased network difficulty have created a situation where holding mined coins has become unprofitable.

Daily sell pressure from miners is estimated at $31.5 million, based on approximately 450 bitcoins mined per day. Moreover, the average cost of producing one bitcoin has reached $49,500, which significantly reduces profit margins for smaller players.

Experts warn that if the trend continues, many small miners may exit the market, leading to further centralization of the mining industry in the hands of large corporations.