Bitcoin Miner Daily Returns per 1 TH/s Drop 28% to $0.28 as Profitability Hits Record Low

Bitcoin miner profit margins hit a record low as daily returns per 1 TH/s fell to $0.28 from $0.39, Cointelegraph reported. Miners and pools hold about $110 billion in Bitcoin, with net holdings negative since early May. Estimated production cost is about $62,600 per BTC and the electricity breakeven is $50,100.