Risk or opportunity

 

The largest bitcoin mine f2pool pointed out on the 4th that more and more ASIC miners have suffered losses. However, the founder of f2pool said that new opportunities are coming again…

More and more ASIC miners are losing money

Bitcoin ushered in the fourth round of halving in history in April this year. Miners are facing huge operating pressure due to the reduction of block rewards and no significant increase in currency prices.

Against this background, the largest bitcoin mine f2pool posted on social platform X later yesterday, pointing out that as the price of BTC falls, more and more ASIC miners will lose money: because the price of Bitcoin has fallen below $58,000, what is the current profitability of mining? At the rate of $0.08/kWh, ASIC mining opportunities with inefficiency below 23 W/T are at a loss.

 

Opportunity is coming again

However, in view of the current situation, the Discus Fish, founder of f2pool and the crypto asset custodian company Cobo, do not seem pessimistic. On the contrary, he posted that “the opportunity is coming again”:

Regarding the “opportunity”, some community members added that miner downtime usually implies a certain turning point in the market: in the cryptocurrency market, large price fluctuations are common phenomenon, especially in the current crypto market environment, miner downtime often marks a certain turning point in the market.

1. Reduced supply: The downtime of the miner leads to a decrease in the hash rate of the network, that is, the mining capacity of miners is reduced. This may slow down the production of new coins and have a certain supporting effect on the price.
2. Technology adjustment: As prices fall, the number of miners leaving the market may increase. This can make the difficulty adjustment of the network more favorable to the remaining miners or new investors.
3. Long-term investment opportunities: From the perspective of long-term investment, the decline in the market may provide buying opportunities. Investors can accumulate assets during low prices and wait for the market to recover and rise.

Although the downtime of the miner is accompanied by potential market opportunities, we also reminds investors of the need to do a good job in risk management to avoid capital losses.