Bitcoin Mining Profitability Falls as Major ASIC Models Hit Shutdown Prices

Antpool data reveals that several high-performance Bitcoin mining rigs, including Antminer S19 XP+ Hyd and WhatsMiner M60S, have reached shutdown price levels, indicating increased operational pressures in the industry.

BTC

Summary

According to Antpool data, several high-performance Bitcoin mining rigs, such as the Antminer S19 XP+ Hyd, WhatsMiner M60S, Avalon A1466I, and some S21 series models, have hit shutdown price levels, becoming unprofitable due to the combined effects of high mining difficulty and energy costs. Miners with models like Antminer U3S23H and S23 Hyd remain profitable above a Bitcoin price of $44,000, highlighting the growing strain on mining profitability amid the current market conditions.

Terms & Concepts
  • ASIC miner: A specialized computer designed specifically to perform cryptocurrency mining computations efficiently.
  • Mining difficulty: A measure of how hard it is to find a valid block in the Bitcoin network, adjusting roughly every two weeks to maintain stable block times.
  • Shutdown price: The threshold electricity cost or Bitcoin price level at which mining operations stop being profitable.