F2Pool: With BTC falling below $58 000, only seven ASIC miners maintained profitability
The best result was demonstrated by a device from the Antminer line from the manufacturer Bitmain
05.07.2024 - 10:10
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What’s new? The team of the F2Pool mining pool has reported that with the bitcoin exchange rate dropping below $58 000, most of the devices for mining the asset turned out to be unprofitable. For example, with electricity prices at $0,08 per kilowatt hour, devices with energy efficiency of less than 23 W/T are operating at a loss.
What else is known? According to the table presented by F2Pool, only seven models of devices from the Antminer line from Bitmain, Whatsminer from MicroBT, and Avalon from Canaan remain profitable under current conditions.
Thus, the best results are demonstrated by Antminer S21 Hydro: with a network hashrate of 619 EH/s, a network difficulty of 83,68 T, and a bitcoin exchange rate of $57 647, it will operate at a profit until the price of the asset drops below $39 581.
Next is Antminer S21, its minimum profitability preservation price was $43 292. In third place is Avalon A14661 with a price of $48 240.
They are followed by Antminer S19 XP Hydro ($51 456), Antminer S19 XP ($53 187), Whatsminer M56S++ ($54 424), and Antminer S19k Pro ($56 898).
Avalon 1166 Pro and Ebit E11++++ have the worst results among the 25 devices presented: they will only start generating profits if the asset rate rises above $100 000.
Riot miner increases hashrate by 50% in a month and came in second place in this indicator
The company has overtaken CleanSpark and Core Scientific and is now second only to Marathon Digital
On July 3, bitcoin broke through the psychologically important mark of $60 000; overall, it has lost 15% since the beginning of the month, reaching $54 407 at the time of writing.
The drop came amid the liquidation of bitcoins from the German government’s holdings, as well as preparations by bankrupt crypto exchange Mt.Gox to return bitcoins to customers that have been blocked since 2014.
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