{"id":14987,"date":"2024-07-05T17:08:06","date_gmt":"2024-07-05T14:08:06","guid":{"rendered":"https:\/\/forklog.com\/en\/f2pool-identifies-profitable-bitcoin-miners-amid-price-decline\/"},"modified":"2024-07-05T17:08:06","modified_gmt":"2024-07-05T14:08:06","slug":"f2pool-identifies-profitable-bitcoin-miners-amid-price-decline","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/f2pool-identifies-profitable-bitcoin-miners-amid-price-decline\/","title":{"rendered":"F2Pool Identifies Profitable Bitcoin Miners Amid Price Decline"},"content":{"rendered":"<p>Following the dip in Bitcoin&#8217;s price below $54,000 on July 5 and a 5% reduction in mining difficulty, only devices with an energy efficiency of at least 26 W\/TH remained profitable, according to F2Pool.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">?\u200d\u2642\ufe0f Today, the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining difficulty was reduced by 5%, to 79.50 T. <\/p>\n<p>In the current difficulty epoch, what will profitability be at different price levels? Refer to the table below. <\/p>\n<p>\u26cf\ufe0f With a <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> price of $54k, ASICs with Unit Power of 26 W\/T or less can make a profit. We\u2026 <a href=\"https:\/\/t.co\/b5DmdmMTpo\">pic.twitter.com\/b5DmdmMTpo<\/a><\/p>\n<p>\u2014 f2pool ? (@f2pool_official) <a href=\"https:\/\/twitter.com\/f2pool_official\/status\/1809155768874328456?ref_src=twsrc%5Etfw\">July 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the time of writing, the cryptocurrency&#8217;s price had recovered to around $55,200. Under these conditions, the list of potentially profitable ASIC miners has expanded, according to the <a href=\"https:\/\/www.f2pool.com\/miners\">pool&#8217;s website<\/a>.<\/p>\n<p>Leading the rankings is Bitmain&#8217;s Antminer S21 XP Hydro. With an energy cost of $0.07 per kWh, the unit generates a daily profit of $11.9, roughly double that of the Antminer S21 Hydro ($6.18) and MicroBT&#8217;s flagship Whatsminer M66S ($5.56).<\/p>\n<p>In addition to the latest generation devices, Bitmain&#8217;s most powerful miners from the S19 series also remain profitable. For its main competitor, this applies to models like the M53S++ and M56S++.<\/p>\n<p>Canaan&#8217;s latest Avalon A1566, <a href=\"https:\/\/forklog.com\/en\/news\/canaan-unveils-new-line-of-bitcoin-miners\">introduced in May<\/a>, offers comparable daily profits. The device slightly surpasses the flagship of the previous series, the A1466I with immersion cooling, at $2.64 compared to $2.14.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"566\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Popular-Miners-Mining-Revenue-Comparison-F2Pool-Google-Chrome-1024x566.jpg\" alt=\"Popular-Miners-Mining-Revenue-Comparison-F2Pool-Google-Chrome\" class=\"wp-image-236384\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Popular-Miners-Mining-Revenue-Comparison-F2Pool-Google-Chrome-1024x566.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Popular-Miners-Mining-Revenue-Comparison-F2Pool-Google-Chrome-300x166.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Popular-Miners-Mining-Revenue-Comparison-F2Pool-Google-Chrome-768x424.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Popular-Miners-Mining-Revenue-Comparison-F2Pool-Google-Chrome.jpg 1245w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: F2Pool.<\/figcaption><\/figure>\n<p>Even the Avalon A1366 operates on the edge of profitability, generating $0.35 per day. The release of this model line began in October 2022.<\/p>\n<p>Earlier, CryptoQuant indicated signs of miner capitulation, as cryptocurrency miners began shutting down inefficient equipment and selling reserves.<\/p>\n<p>Glassnode analyst James Check disagreed with these conclusions, although he acknowledged certain challenges within the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the dip in Bitcoin&#8217;s price below $54,000 on July 5 and a 5% reduction in mining difficulty, only devices with an energy efficiency of at least 26 W\/TH remained profitable, according to F2Pool. ?\u200d\u2642\ufe0f Today, the #Bitcoin mining difficulty was reduced by 5%, to 79.50 T. In the current difficulty epoch, what will profitability [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14986,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,232],"class_list":["post-14987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-f2pool"],"aioseo_notices":[],"amp_enabled":true,"views":"43","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14987"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14986"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}