ווי עלטערע ביטקאָין (בטק) מיינינג ריגס זענען פיילינג צו פאַרדינען אַ נוץ

During the current crypto market downturn, older ביטקאָין (בטק) mining rigs are failing to earn a profit.

Even if the Bitcoin price drops by another 50%, new generation Bitcoin mining rigs will remain lucrative.

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דיין קאַפּיטאַל איז אין ריזיקירן.

Under the Mechanics Behind Bitcoin Mining Systems

According to F2Pool data, the profit of various Application Specific Integrated Circuit (ASIC) devices has slipped to a steep decline following Bitcoin’s drop on June 13 below a staggering $24,000. The Antminer S11 and AvalonMiner 921 machines are approaching a dangerous level where it threatens to shut down the entire manufacturing of these machines.

Bitmain’s Antminer S11, for example, has a peak hash rate of 20.5 Terra-hash per second (TH/s) and uses 1,530 watts of power.

Based on the global average power cost, the expense of running an Antminer 211 is 0.13 kilowatt-hours (KW/h). As a consequence, based on ASIC Miner Value statistics, it would require around $4.5 worth of power each day vs. a daily payout of approximately $2.

Canaan’s AvalonMiner 921 also costs around $5 per day to operate but earns more than $2 around the same time period.

According to the “Bitcoin Hashprice Index,” ביטקאָין miners’ profits have decreased from $0.412 per TH/s/day in October 2021 to $0.11 per TH/s/day in June 2022, a 75 % loss in eight months.

According to CoinWarz data, the losses coincided with a remarkable reduction in the Bitcoin mining hash rate over the preceding seven days, from an all-time high of 239.15 EH/s in a week to 189.72 EH/s.

This is a possible indication that miners are lowering their בטק production capacity by presumably shutting down inefficient mining rigs, and it is probable that this will continue in the next weeks if Bitcoin does not recover over $25,000 and/or the mining difficulty changes.

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דיין קאַפּיטאַל איז אין ריזיקירן.

Bitcoin Mining Stocks Are Declining

Following a violent crypto market selloff, the price of Bitcoin fell to its lowest level since December 2020 on June 13.

פּונט קריפּטאָ קאַסינאָ באַנער

בטק ס פּרייַז dropped to $23,707 (according to Coinbase) from a high of $69,000 in November 2021. The losses were caused by fears about increasing interest rates in the United States.

זאָל איך קויפן ביטקאָין איצט

ביטקאָין פּרייַז טשאַרט אויף עטאָראָ

Bitcoin mining businesses, which are at the frontline of minting and distributing new BTC currencies, have taken a significant blow as prices have fallen. Canaan’s stock, for example, has dropped by more than 90% since hitting at $39.10 per share in March 2021.

Similarly, VanEck’s Digital Assets Mining ETF (DAM), which debuted in early March 2022, has dropped 63 % of its value as of June 10, compared to its all-time high of $46.05. According to NASDAQ pre-market statistics, it was poised to open lower on June 13.

New Generation Bitcoin Rigs Perform Better

On the upside, numerous traditional mining rigs continue to generate revenue for miners, implying that their owners will be able to survive the downturn in the Bitcoin market.

This includes the recently released iPollo’s V1, which generates a daily income of roughly $62 versus a $9 power usage in the same period, and Antminer’s S-series machines, which produce daily profits of $4.75–$18 despite Bitcoin’s sub-$25,000 values.

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דיין קאַפּיטאַל איז אין ריזיקירן.

Some profitable machines like as Antminer’s S17+, are approaching their shutdown limits (73T). According to Bitdeer statistics, it might become unprofitable if BTC falls below $22,000 in price.

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Source: https://insidebitcoins.com/news/how-older-bitcoin-btc-mining-rigs-are-failing-to-earn-a-profit