TechFlow reports, citing The Block, F2Pool data shows that the drop in Bitcoin price below $55,000 has significantly reduced miner revenues. Currently, only five ASIC miners remain profitable: the Antminer S21 Hydro, Antminer S21, Avalon A1466I, Antminer S19 XP Hydro, and Antminer S19 XP, with breakeven points of $39,581, $43,292, $48,240, $51,456, and $53,187 respectively. The Whatsminer M56S++ is approaching its breakeven point, as the current Bitcoin price stands at $54,407. Bitcoin mining difficulty has also dropped by 5%, and network-wide hash rate continues to decline following the halving, with the seven-day average hash rate falling from 629.44 EH/s on April 20 to 550.25 EH/s by the end of June.
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