Crypto
Bitcoin Mining Machines Struggle Amid High Energy Costs
Nearly 23% of tracked Bitcoin mining machines are operating at a loss as the price of BTC hovers above $65,000.
According to WuBlockchain Data Center data from August 6th, 22.7% of the 22 Bitcoin mining machine models it monitors were incurring daily losses under current electricity cost and Bitcoin network conditions assumptions.
The estimated shutdown price for the most energy-efficient machine is $46,787. If the price drops below this level, even the strongest-performing equipment will struggle to break even.