Monday Mining Metrics: Difficult Surge Incoming

Bitcoin Mining Update - 8/21/2023

7% Difficulty Adjustment Projected

After a summer of minimal hashrate growth and flat difficulty adjustments, mining difficulty is projected to increase by 7% on Tuesday of this week.

This jump in difficulty is occurring in the wake of hashrate hitting new all-time highs. The 14-day moving average has reached 395 EH/s.

ASIC Bidding

Below is the current spread between bids and asks as of 8/14/2023.

For each ASIC model, the spread is tighter compared to last week.

Spot ASIC Pricing

Below are the lowest current listing prices (asks) on the Blockware Marketplace for a variety of popular ASIC models, including the week-over-week change:

Antminer S19j Pro (+0%)

• $1,500 (0.0574 BTC)

• $15.6 / T

Antminer S19j Pro+ (+0%)

• $2,629 (0.1007 BTC)

• $21.9 / T

Antminer S19 XP (-1.5%)

• $4,400 (0.1685 BTC)

• $31.2 / T

Whatsminer M30s++ (+0%)

• $1,375 (0.0526 BTC)

• $13.5 / T

Whatsminer M50 (+0%)

• $2,880 (0.1103 BTC)

• $24 / T

The chart below compares the final sales price for the past two weeks, for each model.

No significant changes week over week. The S19j Pro sold at a slightly lower price at $1,100 (~.042 BTC).

S19j Pros were trading for over $13,000 at the market top in November 2021. If Bitcoin goes on another parabolic bull run after the 2024 halving, it’s reasonable to expect that the jPro will be trading at a much higher price than $1,100.

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.