F2Pool: Most older Bitcoin mining rigs have fallen below their shutdown price.

According to the latest data from F2Pool, with network difficulty remaining high and electricity prices at $0.06 per kilowatt-hour, many older Bitcoin mining rigs have fallen below their shutdown price and entered the loss zone. The shutdown prices for models such as the Antminer S19, S19j, S19 Pro, S17 series, Avalon A12/A13 series, and Whatsminer M20/M30 series are mostly around $90,000 to $100,000 or even higher, with current daily net profits being negative, approaching shutdown levels.

In contrast, the new generation of high-efficiency liquid-cooled models demonstrate greater resilience. Data shows that the Antminer S23 Hyd. is still profitable at a shutdown price of approximately $32,200, while models like the S21 XP Hyd. are in the $40,000 to $50,000 range, exhibiting significantly better risk resistance than air-cooled models. Industry insiders point out that with increasing mining difficulty and widening energy efficiency differences, this cycle is accelerating the stratification of mining rigs, with outdated models finding increasingly limited profit margins in the current market environment.