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Bitcoin mining profitability hits lowest level in five years

2025/04/22 17:43 (Updated 2025/05/09 10:02)
CoinPost
Written by A.Yamada
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Bitcoin mining profitability hits lowest level in five years

Many companies mine at break-even point

Currently, various companies are operating Bitcoin (BTC) mining at a level that is barely profitable.

According to HASHRATE INDEX, as of the 22nd, the revenue (USD/PHS/DAY) that a Bitcoin miner can earn per day with 1 petahash/second of computing power is about $45. This is the lowest level in the past five years.

In October 2021, during the bull market, USD/PHS/DAY reached about $417. This means that it has fallen by about 90% to date.

Note that 1 petahash...

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日本暗号資産ビジネス協会 Japan Cryptoasset Business Association
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Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.