Cryptocurrency News

Old Bitcoin mining rigs risk ‘shutdown’ after BTC price slips under $24K

06/13/2022

Less than a minute

2022.06.13 16:21

Old Bitcoin mining rigs risk 'shutdown' after BTC price slips under $24K
Old Bitcoin mining rigs risk ‘shutdown’ after BTC price slips under $24K

Older Bitcoin (BTC) mining rigs are finding it difficult to generate positive revenues during the ongoing crypto market decline.

The profitability of many Application Specific Integrated Circuit (ASIC) machines has dropped into the negative zone after Bitcoin’s fall below $24,000 this June 13, data fetched by F2Pool shows. Those machines include Antminer S11 and AvalonMiner 921, which are now close to their “shutdown price.”

06/13/2022

Less than a minute

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