According to analytical calculations by Checkonchain, the average miner incurs losses of over $14,000 for each mined bitcoin. This trend is observed despite a recent decrease in mining difficulty and an increase in hash price, driven by a sharp rise in energy costs.
This is reported by Business • Media
Current Situation in the Bitcoin Mining Market
Recent data indicates that on March 23, 2026, the difficulty regression model, which accounts for energy expenditures and the cost of mining 1 BTC, recorded a figure of $82,600. This amount is slightly lower than it was at the beginning of March, but still significantly exceeds the current market price of bitcoin, which is holding just above $68,000 according to TradingView. Thus, mining one bitcoin now results in an average loss of $14,600 for miners.
“The average miner loses over $14,000 on each bitcoin.”
At the same time, in March 2026, there was an increase in hash price — on March 20, it jumped from $30,486 to $33,510, but subsequently partially retraced. Over the month, this figure rose by $4,600, reflecting additional costs for miners due to the spike in energy prices.
Conversely, mining difficulty experienced a decrease: during the last recalculation on March 20, 2026, it fell by 7.76%. This is the largest drop since February of this year, when a significant number of American miners were forced to suspend operations due to extreme weather conditions.
Impact of Energy Resources on the Mining Industry
Experts cite the rising costs of energy carriers as the main reason for the increase in mining expenses. In particular, the situation in the Persian Gulf and the blockade of the Strait of Hormuz by Iran have led to a significant rise in oil prices. This is especially felt by miners operating in the Middle East: about 8–10% of market participants are located in this region, with 3.1% of the global hash rate attributed to the United Arab Emirates.
Further increases in the cost of mining bitcoin may force miners to sell their cryptocurrency reserves, which will create additional pressure on the price. Some companies are already seeking alternatives and expanding their operations in the field of artificial intelligence to diversify their income sources.
