Opinion: Currently only 5 mining machine models can maintain profitability, which may mean that the price has reached the bottom

BlockBeats news, July 5, Bitcoin fell to $54,000 today, and currently only five mining machine models can bring profits to their operators, which may mark a "local bottom."

According to F2Pool's chart, as long as the BTC price is above $53,100, Antminer's four mining machine models and one Avalon mining machine model can make a profit. Now the operating costs of all other mining machines are higher than the returns obtained by operators.

Dovey Wan, partner of cryptocurrency fund Primitive Crypto, said: "Bitcoin miners are only one step away from surrender, and the break-even point of S19 is 52,000. This is the perfect position for the local bottom."