As Bitcoin mining faces increasing challenges, many older mining rigs are struggling to remain profitable. With network difficulty at a high level, these machines are now operating at a loss, raising concerns among miners about the sustainability of their operations. According to the experts cited in the publication, the situation is becoming critical.
Shutdown Prices of Older Mining Models
Recent data indicates that older models such as the Antminer S19, S19j, S19 Pro, S17 series, Avalon A12 series, and Whatsminer M20 series have a shutdown price ranging from $90,000 to $100,000 or more. This means that many of these rigs are now generating negative daily net profits, forcing miners to reconsider their strategies.
Performance of Newer Generation Mining Rigs
In contrast, newer generation mining rigs, particularly those that are high-efficiency and liquid-cooled, continue to thrive in the current environment. These advanced models maintain a significant advantage over their predecessors, allowing miners to operate more profitably despite the high network difficulty.
Despite challenges in Bitcoin mining highlighted in the previous report, Ethereum whales are actively accumulating ETH, showcasing a contrasting trend in the cryptocurrency market. For more details, see more.
