Bitcoin falls below $25,000! F2pool: Antminer S11 and other mainstream mining machines are approaching the shutdown price

According to data from F2pool, one of the world’s largest mining pools, as the price of bitcoin continues to fall, the full range of Antminer S9 and other mining machines have reached the shutdown price, and electricity costs account for more than 100%. Antminer S11, Avalon 1026, Innosil Mining machines such as T2T+ and Ant T15 are currently close to the shutdown currency price.

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The shutdown coin price is an indicator used to judge the profit and loss of a mining machine. Since the mining machine needs to consume a lot of electricity when mining, when the mining revenue cannot cover the cost of electricity, if the miner runs the mining machine again, it will be in a state of loss. At this time, the miner will have to choose to shut down.

Taking the Antminer S9 miner, which was released in July 2016 and has now reached its shutdown price, as an example, the current bitcoin price is about $25,069. Calculated at $0.06 per kWh of electricity, the daily net income has shown – $0.51, which is equivalent to the current state of losing money every day when mining with this machine.

If we look at the Ant S11 miner, which was released in December 2018 and is now close to shutting down the currency price, the current bitcoin price is about $25,069. Calculated at $0.06 per kWh of electricity, the daily net income is only $0.04. It’s close to making no money.

The mainstream S19, M30 and other mining machines are still a long way from the shutdown of the currency price. Mining machine sharing service platform Bitdeer announced today that the current price of Ant S19XP is $11,942, the price of Ant S19Pro is $16,411, the price of Whatsmine rM30S++ is $17,218, and the price of Whatsminer M30S+ is $18,885. Dollar.

In addition, the shutdown currency price of Ant S19 is $18,798, the shutdown currency price of Ant S19j is $19,132, the shutdown currency price of Ant S17+/73T is $22,065, and Ant S17+/67 is close to the shutdown currency price, which is $25,085.

Old-style miners are unprofitable

According to a previous report by Coindesk, the Antminer S9 miner launched in 2017 has been able to survive in the market in the past. According to CoinShares research, by the end of 2021, the S9 miner will account for up to one-fifth of the computing power of the entire Bitcoin network. The computing power of the miners can reach 14TH/s, and some of them have been running for more than 5 years.

Under the increasingly sluggish performance of Bitcoin, this old-fashioned mining equipment has begun to become unprofitable, and miners are choosing to turn off the power of mining machines to avoid paying the cost. Denis Rusinovich, co-founder of CMG Cryptocurrency Mining Group and Maverick Group, noted that miners using rigs similar to the S9 that cost more than $0.05 per kWh of electricity may be forced to capitulate.

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Ethan Vera, chief economist and chief operating officer of Luxor, who runs a mining equipment trading arm, agrees, saying that with the S9 still priced between $150 and $300 a unit, miners may choose to sell the rigs.

Denis Rusinovich, Ethan Vera and Li Qingfei, head of research at F2pool, all agreed that the unprofitability of these miners has the greatest impact on retail miners. Denis Rusinovich pointed out that retail miners usually use more expensive hosting services, and in hardware There are higher capital expenditures on body purchases.


Post time: Jul-27-2022