Old Bitcoin mining rigs risk 'shutdown' after BTC price slips under $24K
New generation Bitcoin mining machines would remain profitable even if the BTC price crashes by another 50%. Older Bitcoin (BTC) mining rigs are finding it difficult to generate positive revenues during the ongoing crypto market decline.75% drop in Bitcoin mining profitabilityThe profitability of many Application Specific Integrated Circuit (ASIC) machines has dropped into the negative zone after Bitcoin's fall below $24,000 this June 13, data fetched by F2Pool shows. Those machines include Antminer S11 and AvalonMiner 921, which are now close to their "shutdown price."For your....
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As bitcoin’s value has increased, the global hashrate has been steadily climbing higher week after week. On Sunday, the hashrate dedicated to the Bitcoin network is hovering just above the 155 exahash (EH/s) handle and bitcoin’s price has made a great number of mining rigs more profitable. Older generation mining rigs like Bitmain’s Antminer S9 series with hashrate speeds around 11 TH/s or higher are also profiting.
Bitcoin Hashrate Climbs, Mining Rigs Gather Higher Profits
Six days ago, Bitcoin’s overall hashpower was around 130 exahash per second....
The drop in bitcoin price means mining rigs are on sale and prospective buyers may see big discounts before the summer ends.