Bitcoin Mining Cost Model Points To $47,000 Floor, But Analysts Urge Caution

TL;DRCrypto Rover says Bitcoin has never bottomed below electrical production cost, currently estimated at $47,000.Mining-cost models can help frame downside risk, but they are not fixed price floors.Electricity costs, miner efficiency, difficulty adjustments and market liquidity all affect the usefulness of the model.Bitcoin never bottomed below the electrical cost. Current electrical cost: $47,000. Take notes.pic.twitter.com/8vCu53QVm1— Crypto Rover (@cryptorover) June 12, 2026 Mini