{"id":93851,"date":"2026-02-03T10:57:32","date_gmt":"2026-02-03T07:57:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93851"},"modified":"2026-02-03T11:00:17","modified_gmt":"2026-02-03T08:00:17","slug":"bitcoin-price-drop-renders-many-asic-miners-unprofitable","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-price-drop-renders-many-asic-miners-unprofitable\/","title":{"rendered":"Bitcoin Price Drop Renders Many ASIC Miners Unprofitable"},"content":{"rendered":"

With the current difficulty of mining the leading cryptocurrency and electricity costs at $0.08 per kWh, many popular ASIC miner models are nearing the break-even point. This is evidenced by data from Antpool<\/a>. <\/p>\n

On the verge of unprofitability are the Antminer S19 XP+ Hydro, WhatsMiner M60S, and Avalon A1466I. As long as Bitcoin’s price remains below $86,000, their operation does not yield profits. <\/p>\n

\"image\"
Source: Antpool. <\/figcaption><\/figure>\n

Newer devices like the Antminer S21 have a break-even threshold in the range of $69,000-$74,000 per BTC. The most resilient models currently include the U3S23H and S23 Hydro, which remain profitable with the digital gold price above $44,000.<\/p>\n

At the time of writing, Bitcoin is trading around $78,600. Over the past day, the asset’s price has risen by 3% after hitting a local low of approximately $75,000. <\/p>\n

\"image\"
Hourly BTC\/USDT chart on Binance. Source: TradingView<\/a>. <\/figcaption><\/figure>\n

Challenging Conditions <\/h2>\n

On January 22, following the latest recalculation, the mining difficulty<\/a> of the leading cryptocurrency decreased by 3.28% to 141.67 T. According to forecasts, the next adjustment will see a further reduction of 10.47% to 126.84 T. <\/p>\n

\"image\"
Source: CloverPool<\/a>.<\/figcaption><\/figure>\n

According to Hashrate Index<\/a>, Bitcoin’s network hashrate plummeted to 870 EH\/s, the lowest level since June 2025. The cause was<\/a> widespread miner shutdowns amid winter storms in the United States. <\/p>\n

Hashprice<\/span> fell to $34.8 per PH\/s per day. Such levels were last observed in November. <\/p>\n

\"image\"
Source: Hashrate Index. <\/figcaption><\/figure>\n

Previously, Charles Edwards, founder of Capriole Investments, noted<\/a> the worsening situation: production costs have fallen to $69,000, while electricity costs stand at $55,000.<\/p>\n

Earlier, an expert known as Brett suggested<\/a> the possibility of Bitcoin falling to $40,000. <\/p>\n","protected":false},"excerpt":{"rendered":"

With the current difficulty of mining Bitcoin and electricity costs at $0.08 per kWh, many popular ASIC miner models are nearing the break-even point.<\/p>\n","protected":false},"author":1,"featured_media":93852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin mining difficulty and electricity costs challenge ASIC miner profitability.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137,1138],"class_list":["post-93851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"356","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin mining difficulty and electricity costs challenge ASIC miner profitability.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93851","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=93851"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93851\/revisions"}],"predecessor-version":[{"id":93853,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93851\/revisions\/93853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/93852"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=93851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=93851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=93851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}