Old Bitcoin mining rigs reach ‘shutdown price’ as Bitcoin slides to $25,000

Old Bitcoin mining rigs reach ‘shutdown price’ as Bitcoin slides to $25,000


Cryptopolitan
2022-06-13 08:15:54

The largest cryptocurrency, Bitcoin dropped below $25,000 on Binance earlier today, consequently affecting the profitability of miners still using older-generation Bitcoin mining rigs. Less profit for old Bitcoin mining rigs Two of the popular old Bitcoin mining machines, Antminer S11 and Avalon A9, could be going offline on the Bitcoin network as both are now...