F2Pool report: Majority of older Bitcoin mining rigs fail to cover shutdown costs

According to F2Pool, with electricity costs at 0.06 USD per kWh, many older Bitcoin mining rigs have fallen below their shutdown price, leading to increasing losses in the industry.

Newer high-efficiency Bitcoin mining rigs, such as the Antminer S23 Hyd. With a shutdown price of 32,200 USD, continue to operate profitably, highlighting a significant gap in mining efficiency amidst rising network difficulty.

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