Miners are becoming efficient, and of course energy prices are a key factor, and that’s why some of the big miners are located in country, or areas, with low energy costs.
Through the years, miners have been getting more efficient, but then again they have to.
The energy miners require to produce a Terahash (one trillion hashes per second) is less than it was before.
Miners also make money from fees.
Having said that, as per a CoinShares report, mining 1 BTC costs, on average, $53,000.
We should point that this a broad average. Energy costs can vary significantly across different countries. Sometimes, it can vary across different regions within the same country.
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