F2Pool, a prominent bitcoin mining pool operator, has disclosed that only a handful of bitcoin mining machines or ASICs remain profitable at current cryptocurrency prices, which dipped below $55,000 on Friday morning.
According to F2Pool, the following ASIC models are currently profitable at their respective break-even bitcoin prices: Antminer S21 Hydro ($39,581), Antminer S21 ($43,292), Avalon A1466I ($48,240), Antminer S19 XP Hydro ($51,456), and Antminer S19 XP ($53,187). The Whatsminer M56S++ is on the verge of profitability with a break-even price of $54,424, closely aligned with bitcoin trading around $54,407 at the time of this report, as per The Block’s bitcoin price page.
Notably, Bitmain’s Antminer S19k Pro, a dominant ASIC miner since the 2020 Bitcoin halving, has fallen off the list of profitable machines, now requiring a break-even price of $56,898.
“With Bitcoin trading below $58k, what is the current profitability for mining? At a rate of $0.08/kWh, ASICs less efficient than 23 W/T operate at a loss,” explained F2Pool, underscoring the challenging economics for less efficient mining hardware.
Bitcoin ASICs (Application-Specific Integrated Circuits) are specialized hardware designed exclusively for mining Bitcoin, optimized to perform the complex calculations necessary for blockchain validation.