Monday Mining Metrics: ASIC Giveaway & Discounted Hosting
Bitcoin Mining Update - 7/29/2024
Bitcoin Nashville - Promo
We had the privilege of meeting many of you this past week at Bitcoin Nashville. Thank you for stopping by our booth and saying hello!
The fun is not over! Our promotion is still live until Wednesday at 11:59 pm! Here’s how can enter to win an S19K Pro and 1 year of free hosting.
Sign up for https://marketplace.blockwaresolutions.com/ (1 entry)
Purchase an ASIC on Marketplace (10 entries)
All ASICs purchased during this time will get to mine at $0.071/kWh rather than our typical rate of $0.078/kWh!
Miner Capitulation is Over
While the Bitcoin world was busy in Nashville, miners were simultaneously deploying hash. Mining difficulty is projected to rise by more than 11% this week.
Hashrate on a 14-day moving average is at near all-time highs. This is the first major surge in hashrate since the halving in April. The reason for rising hashrate is due to two factors:
New Generation ASICs getting online
Older/Less Efficient ASICs getting plugged back in as the BTC price rises
The first reason is likely the more impactful of the two; and it will continue to be a catalyst for network hashrate throughout the rest of the year. However, there are undoubtedly a good chunk of miners with machines whose breakeven BTC price is around $65,000 (+ or - a few percent).
Mining Profitability by ASIC Type
Here’s a table breakdown the revenue, costs, and profitability of Bitcoin mining. All values are based on current BTC price, mining difficulty, and an electricity rate of $0.071/kWh.
The numbers are looking JUICY even though Bitcoin recently underwent a halving. If you anticipate another Bitcoin bull market during the coming months, then the time to start mining is now.
ASIC prices will likely rise with the price of BTC. Purchasing hardware now will:
Lower your capital expense
Lock in a discounted electricity rate
Get you hashing immediately so you can profit throughout the entirety of the bull market
Head to the marketplace to get started!
Blockware Direct ASIC Pricing with Hosting
The marketplace is great if you’re looking to purchase just 1 or 2 machines. If you’re interested in deploying more capital, we can get you better pricing.
We have all sorts of next-generation ASICs that are available turnkey.
For those seeking to purchase ASICs in bulk (with or without hosting), contact sales@blockwaresolutions.com or reach out here.
Contact sales@blockwaresolutions.com or reach out here.
All content is for informational purposes only. This Blockware Intelligence Newsletter is of general nature and does consider or address any individual circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal, business, financial or regulatory advice. You should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.