Against the background of the drawdown of bitcoin prices below $54,000 on July 5 and a 5% reduction in complexity, cryptocurrency mining devices with an energy efficiency of at least 26 W/TH remained profitable. This was noticed in F2Pool.
👷♂️ Today, the #Bitcoin mining difficulty was reduced by 5%, to 79.50 T.
In the current difficulty epoch, what will profitability be at different price levels? Refer to the table below.
⛏️ With a $BTC price of $54k, ASICs with Unit Power of 26 W/T or less can make a profit. We… pic.twitter.com/b5DmdmMTpo
At the time of writing, the quotes of the first cryptocurrency have recovered to around $55,200. Under these conditions, the list of potentially profitable ASIC miners has expanded, according to the pool's website.
The rating is headed by Antminer S21 XP Hydro from Bitmain. With an energy tariff of $0.07 per kWh, the installation generates a profit of $11.9 per day. This is about twice the performance of the Antminer S21 Hydro ($6.18) and the flagship MicroBT — Whatsminer M66S ($5.56).
In addition to the latest generation of installations, Bitmain "plus" also has the most powerful miners of the S19 line. For the main competitor, this applies to models like M53S++ and M56S++.
At Canaan, the latest Avalon A1566, introduced in May, brings a daily profit comparable to the latest ones. At the same time, the device slightly exceeds the value of the flagship of the previous A1466I series with immersion cooling — $ 2.64 versus $ 2.14.
Data: F2Pool.Even Avalon A1366 is operating on the verge of profitability — $0.35 per day. The release of models of the line started in October 2022.
Recall that CryptoQuant announced signs of miners' surrender, as cryptocurrency miners began to turn off inefficient equipment and sell reserves.
James Check, an analyst at Glassnode, disagreed with such conclusions, although he acknowledged the presence of certain problems among industry players.