Nearly 23% of Tracked Bitcoin Mining Machines Are Unprofitable as BTC Trades at $65K

WuBlockchain Data Center data showed that 22.7% of the 22 Bitcoin mining machine models it monitors were operating at a daily loss on Aug. 6.

The profitability estimates use current assumptions for electricity costs and Bitcoin network conditions.

Under those assumptions, $46,787 is the estimated BTC shutdown price for the machine with the highest energy efficiency. A drop below that level would bring even the strongest-performing equipment close to break-even.

Bitcoin was trading at $65,117 at the time of writing, up 1% over the preceding 24 hours.

Source: Wu Blockchain