The Director-General of the Chinese mining pool F2Pool 6 September released data on what the prices of various cryptocurrencies, mining will remain profitable.
Shixin Mao, co-founder and CEO of the sixth largest mining pool in the world F2Pool, published a list of the level of prices for the main cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and zcash for (ZEC) below which mining of these cryptocurrencies become unprofitable.
According to the schedule Mao, if the price of Bitcoin drops below 36.792 yuan (about us $ 5,376), mining cryptocurrency number one with Antminer T9 will become unprofitable. In the case of using miner’s model S7 break-even point is significantly higher mark in 78.258 yuan (about $ 11,581. USA).
Unlike S7, Bitcoin mining on Antminer model T9, released in January of 2017, remains profitable at current prices for Bitcoin. A new model Innosilicon T2 has the lowest breakeven point 26.636 yuan, or about of 3,891 USD.
At the time of writing, bitcoin is trading at $ 6.195.
In mid-August, the graphics card manufacturer Nvidia has stated that sales of equipment in the cryptocurrency market were lower than expected in the second quarter of 2018. Moreover, the company does not expect significant sales in this market before the end of the year.