Bitcoin (BTC) Mining: Only Six Types of Machines Still Profitable Below $56,000

IconCryptoNewsTerminal Staff04 Jul, 2024

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Bitcoin (BTC) Mining: Only Six Types of Machines Still Profitable Below $56,000

F2Pool, a prominent Chinese mining pool, has released data showing that only six types of mining machines remain profitable when Bitcoin's price falls below $56,000. These machines have an efficiency of at least 23W/T, while those with lower efficiency are now operating at a loss. Despite the recent decline in Bitcoin's price, these six types of mining machines are still managing to generate profits. This suggests that they are relatively efficient and have low operating costs. However, it is important to note that mining profitability can fluctuate depending on a number of factors, including the price of Bitcoin, the difficulty of mining, and the cost of electricity.

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