Monday Mining Metrics: Cheap j Pros Purchased Quickly

Bitcoin Mining Update - 7/31/23

Flat Difficulty Adjustment Projected

We are roughly 35% of the way through the current difficulty epoch and the projected adjustment is near zero (-0.09%).

The growth rate of hash/difficulty is ~3% month over month (90D moving average).

Heat-induced curtailments are likely playing a role as to why we have not seen persistent growth in hashrate throughout the summer. Moreover, hashrate growth should continue to remain relatively slow throughout the remainder of this halving epoch as ASICs have been commoditized, and much of the investment made during the bull market has already been plugged in.

If you are a frequent reader of Blockware content, you will recall that we anticipated a slowdown in hashrate growth in our 2023 Market Forecast, published in Q4 of last year.

Spot ASIC Pricing

Below are the lowest current listing prices on the Blockware Marketplace for a variety of popular ASIC models.

Notice that S19j Pro has had a 30% week-over-week increase in price. This is due to some incredibly low-priced jPro’s purchased last week with haste. This is an interesting case study of marketplace dynamics: high-value deals are purchased very quickly. It’s a good idea to check the marketplace frequently so you can be the one that snags the best-priced ASICs.

Antminer S19j Pro (+30.9%)

• $1,525 (0.05205 BTC)

• $15.8 / T

Antminer S19j Pro+ (-2.7%)

• $2,629 (0.08971 BTC)

• $21.9 / T

Antminer S19 XP (+0.0%)

• $4,900 (0.16722 BTC)

• $34.7 / T

Whatsminer M30s++ (-3.5%)

• $1,400 (0.0478 BTC)

• $13.7 / T

Whatsminer M50 (-1.0%)

• $2,750 (0.0938 BTC)

• $22.9 / T

Bulk ASIC Pricing

Contact sales@blockwaresolutions.com or reach out here.

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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.