After a significant drop in the Bitcoin price, mining rigs (ASICs) with power consumption above 23 watts have become unprofitable, according to F2Pool. Only a few models remain profitable.
There are a total of five such models: Antminer S21 Hydro, S21, Avalon A1466i, Antminer S19 XP Hydro, and S19 XP.
Models with power consumption exceeding 29 watts are operating at a loss, as reported by the portal. Their losses range from $0.04 to over $2 per day. Consequently, miners are forced to reassess their strategies and seek more efficient ways of operation to offset losses and stay afloat in a volatile market.
The decline in mining profitability may also encourage a shift towards more energy-efficient rigs and the use of renewable energy sources, which could reduce operational costs and lessen the negative impact on the environment in the long run.
