Antpool Data Shows Older Bitcoin Miners Hitting Shutdown Price Thresholds

Antpool data highlights rising electricity costs and network difficulty pushing Antminer S19 and Whatsminer M60-series miners to unprofitability, with several models nearing critical shutdown price levels.

BTC

Summary

Antpool’s latest update shows that at $0.08/kWh electricity rates, Antminer S19 series and Whatsminer M60 or older models have reached their shutdown prices, making them unprofitable. Whatsminer M60 and M66 miners have shutdown prices near $93,000 per Bitcoin, while high-power units like the Antminer U3S23H have thresholds above $44,000. This reflects the increasing strain on mining operations from elevated difficulty and energy costs.

Terms & Concepts
  • Mining difficulty: A measure of how hard it is to find a new block on the Bitcoin network, adjusting periodically based on total network computational power.
  • Shutdown price: The Bitcoin price level at which mining equipment becomes unprofitable due to operating costs exceeding mining revenue.
  • Antminer S19: A popular Bitcoin mining machine by Bitmain, known for its high hash rate and energy efficiency.