Bitcoin Mining Machines Face Shutdown as Prices Decline

According to BlockBeats, recent data from Antpool indicates that Bitcoin's price has fallen to a five-month low, impacting the profitability of several mining machines. Based on the current mining difficulty and an electricity cost of $0.08 per kWh, machines such as Avalon A1466, S19 XP Hyd., and Whatsminer M50S++ have reached their shutdown price. Additionally, machines like Avalon A1466l and Whatsminer M66 (280T) are nearing their shutdown threshold, highlighting the challenges faced by miners in maintaining operations amid declining Bitcoin values.