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Author: Admin | 2025-04-28
Determine their profitability. Cash flow from the leading bitcoin miners have dropped by more than 50% from its peak but still remains at a favorable point. The first is the Antminer S19 which had a cash flow of more than $50,000 per BTC at the height of the bull rally last year. But as of the end of May, the profitability of this miner has since dropped to $23,000 at the current bitcoin price of $31,000.Cash flow from miners drop | Source: Arcane ResearchThe Antminer S9 is not faring well either. At current prices, this mining machine is seeing a cash flow of $8,000 per BTC mined. This shows how quickly the mining profitability is dropping causing concerns regarding the future of this space.Related Reading | Cardano Activity Indicates Price May See Light At The End Of The TunnelIf the production cost continues to go up and cash flow from the miners continues to drop, then a number of bitcoin mining companies will not make it through the bear market. What will result will be a number of bankruptcies due to increased M&A activity.Featured image from GOBankingRates, charts from Arcane Research and TradingView.comFollow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
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