🔥🔥The Fall in Bitcoin Hit Miners Too! Only 5 Mining Companies Remain Profitable! Here are the Details 🔥🔥

According to mining giant F2Pool, the recent drop in Bitcoin (BTC) price to $53,000 has created a challenging environment for cryptocurrency miners, with only five mining facilities remaining profitable.

F2Pool Says Only Five Mining Facilities Are Profitable as Bitcoin Drops to $53K

This causes significant stress, especially among miners who must maintain their operations during market declines. With an electricity rate of $0.08 per kilowatt-hour (kWh), Application Specific Integrated Circuits (ASICs) that are less than 23 watts efficient per terahash (W/T) are now at a loss, according to data released by F2Pool early Friday. shows it is working.

F2Pool's chart highlights that only four machines from Antminer and one from Avalon remain profitable as long as Bitcoin prices are above $53,100. All other mining equipment currently costs more to operate than the rewards they generate for their operators.

Miners, who provide the necessary computational power for blockchain networks, face high operating costs because they have to constantly sell these rewards. Especially in periods when prices decrease, this situation causes significant sales pressure in the market.

In June, as prices fluctuated between $65,000 and $70,000, miners sold over $1 billion worth of Bitcoin in just two weeks, contributing to the downward pressure on Bitcoin's price.

My dear friends, do not hesitate to give your free support. I am trying to bring such news to you instantly. My only request from you is that if there is anyone who does not follow me yet, I would be happy if they follow me. Do not forget to like my articles and posts. Thank you.