What factors influence mining revenue levels?

Take bitcoin as an example; the factors that influence it are primarily the price of the mining machine, the costm31s whatsminer of electricity, the size of the arithmetic power, the amount of reward out of the block, and so on. The specifics of different coins differ; for example, bitcoin and ethereum mining are primarily determined by arithmetic power. And the IPFS mining machine is primarily determined by the hard disk capacity and network speed.

What is the cost of shutting down?

Many factors influence whether a mining machine makes or loses money, but we always want an intuitivemining app figure to determine the overall profit and loss of mining. As a result, the "shutdown price" was devised by someone.

The shutdown price is the price of a coin when the earnings from mining with a mining machine are insufficient to cover the cost of the electricity consumed by mining, which can also be interpreted as the cost of mining a specific coin. If the value of the coin falls below the "shutdown price," mining will be a loss.

Is bear market mining profitable or not?

This is a difficult question to answer because revenue is dynamic, subject to coin prices, miningminer gate machine prices, electricity costs, construction costs, operation and maintenance costs, and other factors, and it is possible to earn or lose money.

Using BTC as an example, a 14TH/s computing power mining machine running continuously for 24 hours a day can dig about 0.00051646 BTC, which is about 24 RMB according to the real price. The next step is to calculate the cost, which includes the cost of electricity, the cost of purchasing a mining machine, the cost of operation and maintenance, and so on. A 14T mining machine's power consumption is approximately 1300W, which consumes approximately 31 degrees of electricity per day, and the cost of electricity is approximately 15 yuan per day based on a calculation of 0.488 yuan per degree of electricity in Beijing. In addition to other costs, the revenue from one mining machine for one day may be as low as 5 yuan.

Of course, in reality, the cost of electricity in mining farms is generally not so high, but how low it is is possible. Other costs are not standardized as well. As a result, some mines have very high overall costs, while others have lower ones. Some miners are still profitable as a result of the same bear market mining, while others are already struggling to keep up.

There is also another dimension. If the coin price falls below the shutdown price, many miners will turn off their machines and cease mining. Due to the decrease in network-wide computing power, miners who continue to mine will mine more coins at the same time, making up for the loss caused by the drop in coin price and reaching a new break-even point, potentially turning from losing money to making money.