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Help Center

What is shutdown price? How to calculate the shutdown price?

The shutdown price of mining machine represents the break-even point of mining machine operation and is the safety margin of mining machine.

For those who are new to cryptocurrency mining, the term “shutdown price” can be confusing. To put it simply, the shutdown price of mining machine represents the break-even point of mining machine operation and is the safety margin of mining machine.

Electricity is the main operating cost of mining machines because they consume electricity while operating. When profits from mining fail to pay the electricity price, losses will be incurred and miners will have to shut down their mining machines. In this case, the cryptocurrency price is called the shutdown price of mining machines.

Shutdown price is calculated based on specific mining parameters, including power consumption, hashrate, electricity price, network mining difficulty, percentage of miner's fee in the profit structure.

Daily mining income = (hashrate of mining machine *86400/ total network difficulty /2^32) * (Block reward + miner fee reward)

Shutdown price = electricity price * mining machine power consumption *24/ daily mining income

In addition to electricity price, mining also incurs operation and maintenance costs (charged by the mining farm), service fees (charged by the mining pool), machine costs and other costs. As a result, miners must consider a wide range of other costs in addition to the shutdown price when mining cryptocurrencies.

The shutdown price is only a reference to the current market price, and the actual shutdown price will also fluctuate according to mining difficulty and electricity price. The lower the electricity price and the lower the energy efficiency ratio are, the lower the shutdown price of the mining machines will be. At the extreme, if the electricity price is free of charge, the mining machine can never be shut down. In the early days of cryptocurrency mining, people stole electricity to mine cryptocurrencies.

Of course, the shutdown price is for reference only, for mining machines with a low safety margin, such as S9 and S11 mining machines, the reference significance is greater. For machines with a high safety margin, such as Bitmain S19 and WhatsMiner M30S+, this type of machines has a low safety margin as a cushion, so the reference value is not high. The shutdown price of mining machines can be queried directly on many websites.

BTC
Shut Down
Issue amount 21000000
24 hours volume 998.36K
24 hours turnover $ 25.98B
Market Direction Short
Panic Index 80 (Extremely greedy)
Swap Rate 4.88%
Market Value Proportion 47.78%
market value $ 6,489.49 x 100 million
24 hour increase 0.25%
Computing power 547.73 EH/s
daily output 0.00000158 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
LTC
Shut Down
Issue amount 84000000
24 hours volume 9.53M
24 hours turnover $ 711.36M
Market Direction Short
Swap Rate 12.90%
Market Value Proportion 0.38%
market value $ 38.60 x 100 million
24 hour increase 2.07%
Computing power 986.45 TH/s
daily output 0.00000427 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
BCH
Shut Down
Issue amount 21000000
24 hours volume 2.62M
24 hours turnover $ 308.54M
Market Direction Short
Swap Rate 13.63%
Market Value Proportion 0.21%
market value $ 52.52 x 100 million
24 hour increase 10.17%
Computing power 6.36 EH/s
daily output 0.00033036 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
Shut Down
Issue amount 2000000000
24 hours volume 95.60M
24 hours turnover $ 506.27M
Market Direction Short
Swap Rate 17.90%
Market Value Proportion 0.14%
market value $ 92.90 x 100 million
24 hour increase 5.23%
Computing power 22.63EiB
daily output 0.00490104 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
Shut Down
Issue amount 31043482
24 hours volume 480.22K
24 hours turnover $ 14.80M
Market Direction Short
Swap Rate 17.32%
Market Value Proportion 0.01%
market value $ 8.04 x 100 million
24 hour increase 4.76%
Computing power 14912.60839843 PiB
daily output 0.00024509 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
Shut Down
Issue amount 210700000
24 hours volume 31.82M
24 hours turnover $ 799.17M
Market Direction Short
Swap Rate 23.14%
Market Value Proportion 0.33%
market value $ 36.42 x 100 million
24 hour increase 6.40%
Computing power 163.40 TH/s
daily output 0.00009994 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
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