The mining industry has been unstable lately, with computing power difficulty rising continuously, making life increasingly difficult for veteran miners.

Based on an electricity cost of $0.06 per kilowatt-hour, a large number of old models can no longer hold up—Antminer S19 series, S17 batch, as well as Avalon A13/A12 and Shenma M20/M30, the shutdown price has basically floated around $90,000. If the coin price cannot maintain this level, running these machines would mean losing money; the only option is to shut down and wait for opportunities.

To put it simply, the mining industry now relies on electricity cost and equipment efficiency. Older mining machines can't keep up with energy consumption, and when the difficulty skyrockets, the profit margin is directly squeezed out. The reshuffling of the industry may be accelerated again.

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BearMarketSurvivor

· 12-02 10:44

Are we shutting down again? How many machines will die this time? We can't even handle the electricity bill of 0.06, it's really turned into a junkyard.

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CryptoNomics

· 12-02 10:41

actually if you run the profitability regression on current difficulty multiplied by power costs, the correlation matrix shows these older asics were statistically doomed from q3 onwards. ceteris paribus, s19s hit breakeven at exactly $90k—textbook market inefficiency that most miners refuse to acknowledge.

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BlockchainGriller

· 12-02 10:39

$90,000 shutdown price? Those old relics should have been eliminated long ago, it's a bit late to regret now.

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MevHunter