Old mining rigs are becoming worthless - Bitcoin News

Old mining rigs are becoming worthless

Bitcoin mining has changed a lot since the block payout ceased on May 11, 2020, and the total amount of SHA256 has been between 100-120xash per second (EH / s) over the past 48 hours. Reports from China show that a number of small mining operations are struggling and old Bitcoin mining machines are becoming useless.

After the Bitcoin Rewards Half (BTC), mining competition has increased tremendously and it is much harder to cope with smaller operations than ever. On Wednesday, the total level of Bitcoin (BTC) is between 100-120 EH / s.

Reports from China indicate that smaller operations and farms are currently having difficulty. Columnist Vincent reports that while many large operations are underway from electricity-driven facilities, smaller farms are simply giving up.

The regional report reveals that “as the price of Bitcoin’s mining block has been stopped and halved, and the price of Bitcoin is maintaining volatility.

At the time of publication, there are only eight mining rigs showing profits at today’s BTC rate. This includes the Antminer S19 Pro, S19, T19, Whatsminer M3OS, three Antminer S17s, and the Innosilicon Terminator 3 model.

The profitability of the first eight mining rigs is based on $ 0.12 per kilowatt-hour, and there are many miners who pay much less per kWh.

Statistics from the charts Bitcoin.com and Fork.lol show that the BTC release touched a high of 120 EH / s a ​​few days ago. But on Wednesday the Bitcoin network’s security force is lower at 109 EH / s.

A columnist from the same publication in China, Lillian Teng, explained that some Chinese miners choose to mine alternative crypto assets with smaller market cap.

“After crossing Bitcoin’s prices, where half the bitcoin blocking prize is cut, the crypto miners turned to some small currencies because of their potential high profits,”

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