How the Breakeven Level of Mining Allows to Determine the Pivot Point of BTC

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The price of Bitcoin has fallen sharply, which has led to a decrease in network hash rate by 20%. To profit from this device, the price of bitcoin must be above $7,643. The leader in terms of profitability at the moment is Asic S17 from Bitmain. The second and third most profitable companies are Innosilicon T3 + 67 and Avalon 1166, the break-even point of which is $3,970 and $4,299. To calculate the breakeven point, we took the average cost of energy for industrial companies from China at $ 0.075.