Mining Industry Under Pressure: Rising Costs and Falling Prices

According to recent data from Antpool, the Bitcoin mining landscape is becoming increasingly challenging. Several mining machines have reached their shutdown price threshold due to rising electricity costs and increased mining difficulty. Models like the Antminer S19 XP+Hyd, WhatsMiner M60S, and Avalon A1466I are no longer profitable under current conditions.

Even High-Performance Miners Are at Risk

Even more powerful mining rigs are feeling the pressure. The Antminer S21 series (including S21, S21+, and S21 Hyd.) are now approaching their shutdown price, currently estimated at around $69,000. If Bitcoin's price continues to fall, these machines may also be forced offline.

  • Antminer S19 XP+Hyd: Reached shutdown price
  • WhatsMiner M60S: Reached shutdown price
  • Avalon A1466I: Reached shutdown price
  • Antminer S21 series: Approaching shutdown at ~$69,000
  • Antminer U3S23H, S23 Hyd: Shutdown price at ~$44,000

Outlook for the Mining Sector

Mining operators must now closely monitor Bitcoin's price, electricity costs, and mining difficulty to maintain profitability. Some mining farms have already started optimizing their fleets, prioritizing the most efficient machines to withstand potential market downturns.