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Analyst Charles Edwards notes Bitcoin is trading at its production cost of roughly $62,650, suggesting a potential long-term value zone for the asset.
Bitcoin has returned to its estimated production cost, a level that one analyst suggests historically marks the beginning of the best long-term value opportunities. Charles Edwards, founder of Capriole Investments, highlighted that the cryptocurrency is currently trading around $62,650, which is the estimated global average cost to produce one token [2].
Key takeaways
The "Production Cost" indicator estimates the global average USD cost to mine one Bitcoin daily, driven largely by the electricity required for the proof-of-work consensus mechanism [2]. Edwards noted that with the spot price aligning with this $62,650 level, miners are essentially breaking even [2]. He claims that historically, the optimal long-term value zone lies between this production cost and the "Electrical Cost"—the amount miners pay solely for power—which currently sits at $50,000 [2]. While some argue that price correlates to cost of
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 12, 2026 · How we report
It is a measure of the total computing power currently connected to the Bitcoin network, used by miners to validate transactions and add new blocks.
Miners may disconnect equipment when Bitcoin's market price falls below their production costs, making operations unprofitable.
New, more efficient hardware increases the total network hashrate, which in turn raises mining difficulty and necessitates further hardware upgrades to maintain profitability.