Bitcoin Mining Profitability Turns on Power Costs After Hashprice Record Low

Bitcoin mining profitability now hinges on power costs after hashprice hit a record low. A model of Bitmain's Antminer S21 XP shows shutdown prices ranging from $34,500 to $82,900 as electricity costs rise from 5 to 12 cents per kilowatt-hour, squeezing miners' margins.