CryptoQuant analyst Axel Adler Jr. recently discussed Bitcoin mining costs on the X platform, stating the average cost of mining a single Bitcoin is currently estimated at $36,800. This significant gap between the cost of mining and the current market price of $182% higher than this cost is indicative of the average profit margin for miners. This profit level mirrors that of the early 2022 bull market cycle, which peaked at $100,000, a peak unseen since then. Should prices continue to rise beyond this point, it could potentially restore miner earnings to levels seen after the last halving event and align with profits experienced in January 2023 during the start of the current bull run.