Monday Mining Metrics: Discounted Bitcoin Mining!
Bitcoin Mining Update - 4/15/2024
Celebrate the 2024 Halving with Half Cent off Hosted Bitcoin Mining
Between now and Bitcoin block 840,000, all ASICs purchased on the Blockware Marketplace will be hosted at an electricity rate of $0.073, 1/2 cent off our typical rate of $0.078.
This will lower your monthly electricity expense by ~7.3%. With the diminishing block subsidy cutting away at mining revenue, this is your chance to offset the drop in profitability by lowering the cost side of the equation.
Click here to start browsing ASICs on the Blockware Marketplace
Halving is Here!
Prepared Miners do not fear the halving, they embrace it.
Buying the latest-generation ASIC is the best way to ensure you will not only survive, but thrive, in the 3.125 subsidy epoch.
In case you missed it, earlier this year we published a research report analyzing the performance of Bitcoin miners during the 2020-2024 epoch. Click here to read that.
Transaction Fees Surging
The on-chain fee required to guarantee your transaction gets into the next Bitcoin block is north of 200 sat/vByte. Ordinal/inscription projects such as Runes are the primary culprit for the increase in transaction fees.
Fees will likely remain elevated for the next few weeks or months, especially if mining difficulty begins to drop after the halving. Dropping difficulty means blocks are getting mined slower than 10 minutes on average, high fees are the result of users wanting TX’s processed urgently, slower blocks increases that urgency. This is why the mempool tends to clear during epochs in which mining difficulty increases (faster blocks).
The additional revenue for Bitcoin miners courtesy of the high fee environment is significant, generating as much as 15% additional revenue over the weekend.
S19’s to Remain Profitable Post-Halving
The recent surge in fees has pushed Antminer S19s (or equivalent ASICs) at 0.08/kWh electricity rate above the profitability threshold in the post-halving environment. Granted, they don’t have much breathing room as a drop in fees would subsequently make them unprofitable, so it’s still prudent to mine with the new-generation, more energy-efficient ASICs.
The wait is over…
The Antminer S21 is now available for sale on the Blockware Marketplace!
If you purchase this week (with the halving electricity discount), here is how you can expect this machine to perform post-halving:
Monthly Revenue: $383
Monthly Cost: $179
Monthly Profit: $204
Listings start at $6,750. Click here to purchase one and start mining today!
ASICs on the Marketplace are sold turnkey; which means you’ll be hashing as soon as your payment is confirmed on-chain. Moreover, there is no minimum order quantity on the Marketplace. If you only want to purchase a single machine, you can do so!
Blockware Direct ASIC Pricing with Hosting
For those seeking to purchase ASICs in bulk (with or without hosting), contact sales@blockwaresolutions.com or reach out here.
We can help you secure all of the top ASICs currently on the market.
All machines are new and payment includes tariffs, duties, and shipping.
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.