{"id":18328,"date":"2023-04-30T23:14:26","date_gmt":"2023-04-30T23:14:26","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/mineflation-cost-to-mine-one-bitcoin-in-the-us-rises-from-5k-to-17k-in-2023\/"},"modified":"2023-04-30T23:14:28","modified_gmt":"2023-04-30T23:14:28","slug":"mineflation-cost-to-mine-one-bitcoin-in-the-us-rises-from-5k-to-17k-in-2023","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/mineflation-cost-to-mine-one-bitcoin-in-the-us-rises-from-5k-to-17k-in-2023\/","title":{"rendered":"Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023"},"content":{"rendered":"
It now costs Bitcoin (BTC) miners at least $17,000 to produce one BTC\u00a0in the U.S. versus the $5,000-10,000 range a year ago, according to\u00a0Bitcoin mining data resource\u00a0Hashrate Index and Luxor.<\/p>\n
Unsurprisingly, soaring electricity rates across the U.S. states have contributed to rising Bitcoin mining costs.<\/p>\n
Notably, between January 2022 and January 2023, the commercial electricity tariff surged at an average of 10.71% per U.S. state, higher than the average consumer price index surge of 6.4%.<\/p>\n