Analysis: Bitcoin Mining Economy Faces Intensifying Pressure, Miners' Loss Per BTC Nears $19,000

March 22nd news, according to Coindesk, data shows that the Bitcoin mining economy is under increasing pressure. The current average production cost per coin is about $88,000, while the Bitcoin price is about $69,200, meaning miners are losing nearly $19,000 per BTC, with an overall loss of about 21%. At the same time, the network mining difficulty has decreased by about 7.8%, the second largest drop in 2026, reflecting the exit of computing power and rising network pressure. The hashrate has fallen back to about 920 EH/s, and the average block time has extended to over 12 minutes. Analysis suggests that rising energy prices and escalating tensions in the Middle East have further increased mining costs, putting continuous pressure on electricity expenses. If miners are forced to sell Bitcoin to maintain operations, it could create additional selling pressure on the market. If the Bitcoin price continues to stay below the cost line and the difficulty continues to decrease, the miner capitulation process may continue, putting pressure on the spot market structure in the short term.