Bitcoin Mining Costs Exceed Profits in 2025

Metaverse Planet May 12, 2025Last Updated: May 12, 2025

0 1 minute read

Recent data collected in the United States shows that Bitcoin mining is no longer profitable for many small and medium-sized businesses. The cost of mining a single Bitcoin has now exceeded its market value. On one hand, global energy consumption policies and rising electricity prices, and on the other hand, the decline in the crypto market, have made it increasingly difficult for small and medium-sized miners to stay profitable. In fact, in many countries, Bitcoin mining no longer even covers its own costs.

Back in 2009, when Bitcoin mining first began to spread, those involved could earn far more than the energy they consumed. However, it was clear from the start that this wouldn’t last forever. The number of Bitcoins was capped at 21 million, and it was known that as this cap was approached, the block rewards would decrease. In 2009, the block reward was 50 BTC, but by 2024, it had dropped to 3.125 BTC. This significantly reduced the income of miners. While large corporations that have invested millions of dollars in the business can still make money, it is becoming increasingly difficult for small and medium-sized enterprises to earn a profit.

The Cost of Mining One Bitcoin for Small Businesses Has Risen to $137,000

According to data gathered by Gizmodo in the U.S., the energy cost of mining a single Bitcoin for small-scale operations has risen to as much as $137,000. Meanwhile, the current market value of Bitcoin hovers around $90,000, meaning these businesses are now operating at a loss. For large-scale companies with more powerful GPU networks, the cost of mining one Bitcoin is approximately $82,000.

Of course, in markets where energy costs are lower or where the local currency is weaker than the U.S. dollar, the equation might still favor Bitcoin profitability. However, given the ongoing decline in rewards, it’s likely that even in these markets, costs will soon exceed earnings.

The data from the U.S. is valuable in showing how quickly energy costs have increased. In September 2024, the cost to mine a Bitcoin was about $56,000, while now, even the most optimized systems require $82,000—a clear indicator of how fast electricity expenses have surged.