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Bargain hunting article
Bitcoin fell below 16,000 and has entered the bottom hunting range.
Falling below the shutdown currency price of mainstream mining machines
According to F2Pool data, after Bitcoin fell below $16,000, based on the electricity price of $0.06/kWh and the current mining difficulty, the most mainstream Antminer S17 full series of mining machines in this cycle has reached the shutdown price. Mining machines such as Whatsminer M30S, Hippo H2, and Antminer T19 have also fallen into the shutdown currency price range.
The bear market has been going on for 12 months
This cycle reached a historical high on November 10, 2021. It has been exactly one year since it started falling on this day.
Falling below the shutdown currency price of mainstream mining machines
According to F2Pool data, after Bitcoin fell below $16,000, based on the electricity price of $0.06/kWh and the current mining difficulty, the most mainstream Antminer S17 full series of mining machines in this cycle has reached the shutdown price. Mining machines such as Whatsminer M30S, Hippo H2, and Antminer T19 have also fallen into the shutdown currency price range.
The bear market has been going on for 12 months
This cycle reached a historical high on November 10, 2021. It has been exactly one year since it started falling on this day.
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