The fluctuation of Bitcoin prices has always been the focus of the digital currency market, and the recent wave of declines has attracted widespread attention. Some people are worried about whether this price drop has hit the shutdown price of some mining machines. Let us explore this issue in depth.

In the context of the current digital currency market, the decline in Bitcoin prices has always been the focus of investors and miners. As Bitcoin prices continue to fall, there is a concern in the market that whether the shutdown price of some mining machines has been hit. What are the reasons and effects behind this phenomenon? Let's analyze it in depth.

First, the decline in Bitcoin prices has led to a decline in the profitability of mining. Miners need to invest a lot of costs to purchase mining equipment and pay for electricity and other expenses, and when Bitcoin prices fall, the profit margin of mining will be challenged. If Bitcoin prices continue to fall, some mining machines may not be able to cover operating costs, and they have to consider shutting down equipment.

Secondly, the shutdown of mining machines has an important impact on the entire Bitcoin network. As more and more miners shut down, the computing power of the entire network will decline, which may threaten the security of the Bitcoin network. In addition, the shutdown of mining machines will also have an impact on related industrial chains, such as mining machine manufacturers, mining operators, etc., which may be affected.

Furthermore, the shutdown of mining machines will also cause certain economic pressure on individual miners and institutions. For those miners who have invested a lot of money to purchase mining equipment, once they have to shut down the equipment, they may face financial losses and adjustments to future mining plans. This will have a certain impact on the ecological balance of the entire digital currency market.

In addition, the mining machine shutdown wave caused by the decline in Bitcoin prices also reflects the risks and uncertainties of the digital currency market. Investors and miners need to pay attention to market dynamics at all times and flexibly respond to the challenges brought by price fluctuations. In this market full of variables, only by continuous learning and adaptation can we remain invincible in the fierce competition.

In summary, the mining machine shutdown wave caused by the decline in Bitcoin prices is a complex phenomenon, involving market economy, digital currency technology, mining ecology and other aspects. Only by in-depth analysis of market dynamics and rational response to price fluctuations can we remain invincible in this challenging market. Let us pay attention to the changes in Bitcoin prices and continue to explore the development path of the digital currency market.

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Around 8:00 on October 24, 2019, Bitcoin crashed, falling by nearly 500 US dollars, with the maximum drop reaching 10%. The contract market was liquidated for more than 1 billion in a short time, which was really tragic. People in the world have suffered from the bear market for a long time!

Every time there is a big drop, naturally many people are concerned about whether the mining machine will be shut down. Today, the editor will explain to you whether the current coin price has reached the shutdown price of some mining machines.

1. Are there any mining machines that have reached the shutdown price

At the current price of Bitcoin, some mining machines have indeed been shut down. There are two factors that determine whether the mining machine is shut down: the coin price and the electricity cost

Based on the real-time price of Bitcoin: 52841.061, the electricity cost is 0.26 yuan/kWh, the mining machines that are currently shut down are Ant V9 and Shenma M3. T9+ is almost shut down.

At present, many machines use thermal power, calculated at 0.35 yuan/kWh

If calculated at the electricity price of 0.34 yuan, Ant T9+ has been shut down.

At the current price of coins, the ones that are shut down are very old mining machines, with an energy efficiency ratio of up to 120J/T. These mining machines are meant to be eliminated, and they account for a very low proportion of the overall network computing power.

2. When will the first-generation machine king S9 be shut down?

At present, everyone should be most concerned about S9. As the former first-generation machine king, S9 still has a large amount of inventory in the market, and the computing power contributed is estimated to be around 50E. Whether this batch of machines is shut down or turned on affects many people.

At present, some miners' S9s have been shut down, and many miners are even selling S9s. Today, the editor saw a miner in the group who wanted to give the mining machine directly to a mine owner for mining, as long as he could share some coins.

At present, the transition from the flood season to the dry season has begun, and some miners need to migrate their machines from cheap hydropower to relatively expensive thermal power. The price of thermal power is relatively high, and S9 is almost not profitable. And the transportation fee for each mining machine to be moved from Sichuan to Inner Mongolia/Xinjiang is 30 yuan, which is equivalent to the monthly income of a mining machine, and the machine is damaged during transportation.

3. Where will S9 go?

It is currently the early dry season, and the power generation of hydropower stations is gradually decreasing. Some S9s have just begun to find a way out.

1. The elimination of S9 is an inevitable result

Major mining machine manufacturers have already released a large number of new mining machines. In this round of cycle, S9 is destined to be eliminated.

2. Big miners with mines buy at the bottom

Currently, the price of S9 is very low. Some retail investors are panic-selling. The price of mining machines is even as low as 500 yuan. According to the editor's observation, some big miners with their own mines buy at low prices because they build their own mines and the electricity price is only more than 20 cents. If the mining machine is cheap enough, even at the current coin price, the payback period is also very fast;

3. Mining machines go overseas

Overseas regions such as Iran have cheap electricity prices. Due to the instability of their policies, some miners will ship the mining machines eliminated in China to overseas. Due to their extremely cheap electricity prices, the payback period is also very short.

Fourth, will the mainstream mining machines shut down?

There is no need to worry about the shutdown of new mining machines this year. Under the current mining difficulty, the shutdown coin price is less than 20,000, which is still very safe.

5. Risks and opportunities coexist

Every time the price of the currency plummets, the price of the mining machine will also be adjusted accordingly, especially for those mining machines on the life-or-death line, where mining has almost no profit or has begun to lose money, their prices will be very low, and may even break through their cost price.

Risks and opportunities coexist, and every big drop is a time for some people to collect goods, whether it is currency or mining machines. Behind it is actually the difference in risk tolerance and resource channels.