More than half of the mainstream Bitcoin mining machines have approached or reached the shutdown price, and in profitable mining machines, 16 models have electricity costs exceeding 60%
F2pool's online data shows that when the price of Bitcoin is around $84,803, more than half of the mainstream Bitcoin mining machines are on the verge of shutdown or already operating at a loss. Out of 135 mainstream mining machines, 68 models (about 50.4%) have negative daily net income, meaning these devices can no longer profit under current electricity prices ($0.06 per kWh). Among the remaining 67 profitable mining machines, the electricity cost for 16 models has exceeded 60%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
If Bitcoin falls below $89,000, the cumulative long liquidation intensity on major CEXs will reach $508 millions.
Cathie Wood: ARK Invest reduces Tesla holdings at high levels, using some profits to increase cryptocurrency assets
Tom Lee: Bitmine will never sell its ETH holdings
Suspected ZORA team transferred approximately 52.525 million tokens to three addresses, worth over $2.6 million