---
title: "One Antminer S21 XP Model Puts Bitcoin Break-Even Average at $100,000"
url: https://thecoingazette.com/one-antminer-s21-xp-model-puts-bitcoin-break-even-average-at-100000/
date: 2026-11-04
modified: 2026-11-04
lang: en
author: "Coin Gazette Editorial"
description: "The estimate assumes $0.08 per kilowatt-hour electricity, a flat network hashrate and three-year depreciation. A separate cash-payback benchmark is about $116,000 by the end of 2028."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 26
---

# One Antminer S21 XP Model Puts Bitcoin Break-Even Average at $100,000

The estimate assumes $0.08 per kilowatt-hour electricity, a flat network hashrate and three-year depreciation. A separate cash-payback benchmark is about $116,000 by the end of 2028.