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Adler AM: Bitcoin Morning Brief
Axel Adler Jr.
Bitcoin Miner Fees Below 1%: S19 vs S21 Cost per BTC
OCT 12, 2026
22 MIN
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Description
Fees are just 0.64% of Bitcoin miner revenue. At $0.05/kWh, mining 1 BTC costs $86.7K with an Antminer S19 vs $44.3K with an S21.
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