Bitcoin Miners Approaching Breakeven Point Amid Price Drop
The post Bitcocom. P Hyd. (12. 0 W/T), has an electricity cost rate of only 43% of the current BTC price. This means it only needs Bitcoin to be at $41,585 to break even on electricity. This elite tier of hardware remains highly profitable at the current price level. The other high-efficiency S21 models are close behind: all of them would manage to remain profitable with the Bitcoin price under $60,000. In stark contrast, many older and less efficient machines are currently unprofitable. For example, the Whatsminer M53 needs the price to be $100,694, and the Antminer S19 requires $118,641. The least efficient hardware on the list, the CopyMiner C7, needs an unsustainable price of $130,909 just to cover its electricity. Bitcoin is currently changing hands at $95,290 following an enormous price plunge. Source:.