Major BTC miners face break-even point at $70K, analysis shows

Major Bitcoin mining firms will face their break-even point if BTC falls to the $70,000 level, BeInCrypto reported. The outlet explained that considering current network difficulty and electricity costs per kWh, major miners will encounter operational difficulties if the price of Bitcoin drops below the $69,000 to $74,000 range. Mining is generally profitable when Bitcoin remains above $70,000, but a drop below this level would create a situation where only certain miners could operate advantageously.