• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight

Many EOS Block Producers Are Underwater With Price Below $3

Georgi Georgiev
by Georgi Georgiev
6 years ago
·
Posted in EOS, Altcoin News, Altcoins, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The tumbling market has caused an upheaval in the top market cap positions. EOS, for example, has surpassed both Bitcoin Cash (BCH) and Litecoin (LTC) in terms of market capitalization. But despite being the 5th largest cryptocurrency, its network might be in jeopardy, according to a recent survey. 


EOS Surpasses Bitcoin Cash

It’s safe to say that the cryptocurrency market has seen better days than the last month. For the last 30 days, the entire market saw upwards of 40%, or roughly around $80 billion wiped off its capitalization, currently sitting at a little over $107 billion.

This has caused some interesting alterations in the top five largest cryptocurrencies. While Ripple (XRP) [coin_price coin=ripple] has unseated Ethereum (ETH) [coin_price coin=ethereum] for quite some time now, EOS [coin_price coin=eos] has also managed to occupy the fifth spot, surpassing both Litecoin (LTC) [coin_price coin=litecoin], and Bitcoin Cash (BCH) [coin_price coin=bitcoin-cash].

EOS’ current market cap sits at around $1,9 billion, which is over 50% less than what the project raised during its ICO. But despite EOS’ entering the top 5, the network’s condition might be in serious jeopardy because of declining prices.

Block Producers (BP) in Trouble

EOS runs on a consensus algorithm called Delegated Proof-of-Stake where block producers (entities elected by token holders in advance) work to produce the network’s blocks – a task for which they get paid in EOS.

EOS Trading

The declining prices of the cryptocurrency, however, has caused a lot of them to operate below what is their break-even price, according to a recent survey, held among EOS block producers across different tiers. The study notes:

The breakeven point for Tier 1 teams is $4.04 per EOS, which makes them the most resilient group in the network. Tier 2 teams broke even at $4.35, Tier 3 at $4.19 and Tier 4 at $4.38. The only T5 respondent didn’t specify and the T6 indicated a price range of < $2.50. The average breakeven price-point across my dataset was $4.14.

The survey also goes into details to examine the average price under, which block producers are likely to declare bankruptcy if prices don’t recover in the near term. Over half of the respondents have said that it’s below $2.50.

What’s more, with the current price sitting well under $3, the situation raises centralization concerns as only a small group of block producers may survive a prolonged bear market.

“Instead of discussing a BTC mining death spiral, perhaps we should be talking about EOS Block Producers turning off their operations,” says Blocktower Capital partner Corey Miller.

Although the narrative is that EOS BPs are financially well-off, many are currently underwater.

Apart from declaring bankruptcy, the survey also reveals that “the average price across all Tiers at which major layoffs would have to be made is $3.08” – a price well above the current.

What do you think of the state of EOS? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Georgi Georgiev

Georgi Georgiev

Follow

Full Profile

Related Posts

altcoins-prets-a-exploser-septembre-2025

3 altcoins prêts à exploser en septembre 2025

2 days ago
Ethereum

Ethereum Smart Contracts Become Latest Hiding Spot For Malware

2 days ago
TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

2 days ago
acheter-token6900-avant-claim

Dernières 24h pour acheter TOKEN6900 avant le claim !

3 days ago
Ethereum

Ethereum Scores Milestone As Chinese Firm Floats 1st Public RWA Bond

3 days ago
solana-analyse-tendance-leviers-techniques

Solana en route vers les 300 $ : analyse de la tendance des leviers techniques

4 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    15 hours ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    15 hours ago
  • miner

    Cardano (ADA) Market Outlook: Long-term Potential Passive...

    16 hours ago
  • etnminer

    How to Play to Earn Crypto in 2025: Discover 6 Most...

    21 hours ago
  • miner

    BAY Miner Cloud Mining App Launches with ETH and BTC Users...

    22 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.