PANews reported on July 4 that according to f2pool, as the price of Bitcoin fell below $58,000, the current profitability of mining machines has changed. Calculated at an electricity cost of $0.08 per kilowatt-hour, ASIC mining machines with an efficiency of less than 23 W/T will be in a loss-making state.
Based on the current network difficulty and electricity cost of $0.08/kWh, miners such as Antminer S21 Hyd. and Antminer S21 still have high profitability when the Bitcoin price is $58,000. However, miners such as Antminer S17, Avalon A1166 Pro and Ebit E11++ face high electricity cost rates at a Bitcoin price of $58,000 due to their low efficiency, making it difficult to make a profit.
