The CEO of one of the world’s largest mining pool F2Pool ‘Shixing Mao’,revealed a report ofpricelevels for major digital currencies,likeBitcoin ‘BTC’, Ethereum ‘ETH’, Litecoin ‘LTC’ and Zcash ‘ZEC’ belowthatminingsaidcurrency with several differentminers allegedly becomes unprofitable.
According to Mao’s report, if the price of bitcoinhits lower than around $ 5,376 USD,the mining the cryptocurrency ona miners‘Antminer T9’ would be unprofitable.However, in thecase ofemploying aS7 model miner, the break-even amounts to beconsiderably higher at about $11,581 USD.
Breaking price points for different digital currencies and miners.
Indistinctionto S7, mining Bitcoin on Antminer T9 model that waslaunchedinJan.2017,continues to be profitable at Bitcoin’spresentprice mark,whereasthe newer Innosilicon T2 hasthe leastthreshold, amounting to just around $3,891 USD.
However at the press time, Bitcoin is currently trading at a price of $6,521.4 USD as er Coinchangelly’s live market Index.
Earlier in Aug., a GPU manufacturer ‘Nvidia’ in USunconcealedthat crypto mining hardware sales wereabundantlylower thanexpected in second Quarter of 2018, claiming thatNvidiadoesn’texpectto formvital blockchain-related sales forthe remainingof the year.
Also in July, major Taiwanese microchips producer ‘TSMC’againweakenedits annual revenue andcapital expenditure estimates, followingratereductionwithin thecrypto mining field, amongdifferentareas.