The largest Bitcoin mining pool, f2pool, pointed out yesterday that an increasing number of ASIC miners have started to operate at a loss (falling below shutdown price). However, f2pool’s founder Discus Fish stated that new opportunities are emerging…
Bitcoin experienced its fourth halving event in April this year, causing significant operational pressures for miners due to reduced block rewards and no substantial price increases.
This morning, news of Mt. Gox transferring 47,229 bitcoins from cold wallets further dragged Bitcoin down. Around 11 AM, Bitcoin briefly fell below $55,000, marking a new low in four months.
f2pool: Increasing Number of ASIC Miners Operating at a Loss
Against this backdrop, f2pool, the largest Bitcoin mining pool, posted on social platform X late yesterday, indicating that as BTC prices decline, an increasing number of ASIC miners are operating at a loss:
Discus Fish: Opportunities Are Emerging Again
Despite the current situation, f2pool and cryptocurrency custody company Cobo, founded by Discus Fish, appear optimistic. In fact, Discus Fish even posted, “Opportunities are emerging again.”
Regarding Discus Fish’s mention of “opportunities,” some community members have added explanations, suggesting that miner shutdowns typically indicate a turning point in the market:
While miner shutdowns may present potential market opportunities, the user also cautioned investors to manage risks carefully to avoid financial losses.
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