Crypto analyst Axel Adler JR calculated the average cost of mining Bitcoin to approximately $36,800 per BTC. Current market prices compared to mining costs could generate 182% profits for miners.
According to a recent post by Cryptoquant analyst Axel Adler JR, the current average production cost required to mine 1 BTC (BTC) is equivalent to around $36,800. He was able to calculate the cost of mining by combining the latest data from April 2025 with a multiplier of power, energy efficiency, CAPEX amortization and power usage with average costs.
At the current market price of Bitcoin, based on Adler JR’s calculations, miners can earn 182% profit compared to the $36,800 it costs to mine a single BTC. Adler Jr. pointed out that the pattern resembles the beginning of BTC’s previous bull run in late 2022.
At previous rallys that began in November 2022, BTC had surged from $16,000 to $30,000 by January 2023, nearly 100%.
Minor Mining 1 The average cost of BTC is currently 36.8k. Spread between current market price and 1 coin cost = 182%. This is basically average profitability. This corresponds to the start of the Bull Cycle in November 2022 and the peak of this… pic.twitter.com/ynclnwycse
– Axel💎🙌Adler Jr (@axeladlerjr) May 13, 2025
“This is basically average profitability. This corresponds to the start of the Bull Cycle in November 2022 and the peak of this cycle >$101,” Adler JR said in his post.
Assuming the price is well above $36,800, Adler JR estimates that miners can be completely damaged for each coin. He even said miners could enjoy excessive profits comparable to those who reached the beginning of Bitcoin’s Bull Rally in January 2023.
Bitcoin price chart for the past few hours, May 13, 2025 | Source: crypto.news
read more: Bitcoin will surge beyond $105,000 shortly after US-China trade agreement
At the time of pressing, Bitcoin fell 1.85% over the past 24 hours, according to data from crypto.news. BTC is currently trading hands for $102,894. However, recently it reached its peak at $104,635 every day. Just a day ago, Bitcoin surpassed $105,000 for the first time since January 31st.
More recently, the BTC has participated in a rally supported by a temporary trade ceasefire between the US and China. After President Trump announced blanket trade tariffs in more than 60 countries and regions, he was able to recover from a slump below $75,000 from the slump he experienced in early April after global stock markets crashed.
Over the past month, BTC was able to recover past the $10,000 threshold, up 21.7%. Meanwhile, last week, BTC rose almost 9%.
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