Miners were circulating a shutdown price table yesterday, and the more you look at it, the more it hurts.
Someone took a relatively low electricity rate and did the math for a few popular mining machines.
The most outrageous is the S19 Pro+ Hyd.—its shutdown price is already higher than the current coin price.
Even if you run this machine for a day, you might not even recoup the electricity cost.
The other models—S19 XP Hyd., S19 XP+ Hyd., and S21 Hyd.—aren’t much better either; they hover right around the shutdown line.
This hasn’t even included machine depreciation. If you factor in depreciation, then for some older models the break-even point has long already moved above the current price.
Someone took a relatively low electricity rate and did the math for a few popular mining machines.
The most outrageous is the S19 Pro+ Hyd.—its shutdown price is already higher than the current coin price.
Even if you run this machine for a day, you might not even recoup the electricity cost.
The other models—S19 XP Hyd., S19 XP+ Hyd., and S21 Hyd.—aren’t much better either; they hover right around the shutdown line.
This hasn’t even included machine depreciation. If you factor in depreciation, then for some older models the break-even point has long already moved above the current price.