Monday Mining Metrics: Bitcoin Reaches Block Height 800,000
Bitcoin Mining Update - 7/24/23
Monday Mining Metrics 7/24/23
Sunday night at 11:17pm EST Bitcoin reached block height 800,000. With the halving to occur at block height 840,000, we are now roughly 277 days away from the block subsidy decreasing from 6.25 BTC to 3.125 BTC. There will be 19 more difficulty adjustments between now and then, with the next one to occur on Wednesday of this week and decrease difficulty by ~3.8%
Spot ASIC Pricing
Below are the lowest current listing prices on the Blockware Marketplace for a variety of popular ASIC models:
Antminer S19j Pro (-23.0%)
$1,165 (0.0399 BTC)
$12.1 / T
Antminer S19j Pro+ (+0.0%)
$2,700 (0.0925 BTC)
$23.0 / T
Antminer S19 XP (+0.0%)
$4,900 (0.16789 BTC)
$34.7 / T
Whatsminer M30s++ (+0.0%)
$1,450 (0.0496 BTC)
$14.5 / T
Whatsminer M50 (+0.0%)
$2,775 (0.09509 BTC)
$23.1 / T
Bulk ASIC Pricing
Contact sales@blockwaresolutions.com or reach out here.
Transaction Fees Declining
The ordinal frenzy from earlier this year appears to have died down. Most transactions waiting in the mempool have a fee in the 1-7 Sats/vByte range; contrary to earlier this year in which they were frequently in the 10-50+ range.
However, the total number of transactions in the mempool remains high. But lower fees indicate that users are not in any hurry to have their transactions included in a block.
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.