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Bitcoin Falls 15% in a Week, Miner Breakeven Hits $75K

Cobo and F2pool co-founder DiscusFish reports a sharp Bitcoin drop, warning that miners with 23.3W/T rigs hit breakeven at $75K, risking operational shutdowns.

BTC

Summary

Bitcoin fell nearly 15% over the past week, according to DiscusFish, co-founder of Cobo and F2pool. He emphasized that at $75,000 per Bitcoin, mining rigs operating at 23.3 watts per terahash reach their breakeven price, making mining financially unviable. This decline threatens miners using less efficient equipment, highlighting the vulnerability of mining profitability to price swings.

Terms & Concepts
  • Breakeven Shutdown Price: The Bitcoin price at which mining revenue equals the cost of operation, making continued mining financially unviable.
  • W/T (watts per terahash): A measure of mining efficiency indicating the amount of electrical power used to produce one trillion hashes in Bitcoin mining.
  • Bitcoin Mining: The process of validating Bitcoin transactions and securing the network by solving complex mathematical problems using specialized hardware.