Antminer mining equipment is no longer profitable

Antminer Bitcoin mining equipment is no longer profitable

Because the value of Bitcoin is falling, the mining equipment has begun to operate at a loss. Electricity costs are rising and profits are falling. As Bitdeer points out, some equipment, like Antminer, that was produced in 2019 has stopped making a profit. So far, devices such as Antminer S19 and Whatsminer M30S+ and Antminer S19j are profitable.

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Companies use excess Middle East gas for BITCOIN (BTC) mining

U.S. firm Crusoe Energue, which specializes in using surplus natural gas for Bitcoin BTC mining, will soon begin deploying generators and equipment to collect the flared gas in Muscat, the capital of Oman. Crusoe CEO Chase Lochmiller commented that the company considers its presence in the Middle East and North Africa region important because that location accounts for 38% of global excess natural gas flaring from oil wells.