Bitcoin’s price slide pushes most miner rigs into the red
A drop in Bitcoin's price has made most Bitcoin mining rigs unprofitable, except for the newest S23 series models.Summary
Following a significant drop in Bitcoin's price, data from Antpool indicates that nearly all Bitcoin mining rigs, excluding the latest Antminer S23 series models (S23 Hydro, U3S23H, S23e U2H), are now operating at a loss or nearing unprofitability. The S23 series machines, which began shipping this month, are reportedly seeing healthy returns of about $0.016/T daily profit. Leading older models like the Whatsminer M6 series and older Antminers, such as the S21 series, are running deficits, with the Whatsminer M63S losing about $0.47 per day. This declining profitability occurs despite a recent drop in network hashrate due to cold weather curtailments in North America, which temporarily boosts margins for remaining miners. Average monthly revenue per TH/s has been steadily declining since last August, pushing miners to diversify into HPC/AI services.
(Source：The Block)