Bitcoin Mining Machines Face Shutdown as Prices Plummet

The price of Bitcoin has fallen to a five-month low, impacting the profitability of various mining machines. Antpool data reveals that this decline is causing several models like Avalon A1466, S19 XP Hyd., and Whatsminer M50S++ to reach their shutdown prices, according to Blockbeats. Furthermore, machines such as Avalon A1466l and Whatsminer M66 (280T) are nearing this threshold. This presents a significant challenge for miners striving to maintain operations in an environment where Bitcoin’s values are declining.