What Is the ‘Shutdown Price’ for a Cryptocurrency Miner?

The shutdown price is the price point of the cryptocurrency at which the miner's total revenue (block reward + fees) is equal to their total operating costs, primarily electricity. If the price falls below this point, the miner operates at a loss and is incentivized to shut down their equipment to stop the financial bleed.

What Is the Impact of Difficulty Adjustments on a Miner’s Revenue Predictability?
What Are the Main Components of the Cost Basis for a Cryptocurrency Miner?
How Can a Mining Pool Operator Use a Power Purchase Agreement (PPA) to Manage Electricity Cost Risk?
How Does a Miner Use Hashrate Rental to Hedge against Operational Costs?
How Does Proof-of-Stake Change Validator Revenue Compared to Proof-of-Work?
How Is the Breakeven Point for a Mining Operation Calculated?
What Is the Economic Incentive for a Miner to Continue Operating at a Loss Immediately Following a Halving?
What Are the Two Components of a Miner’s Total Revenue?

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