Monday Mining Metrics: Mine Bitcoin or Buy Bitcoin?
Bitcoin Mining Update - 4/8/2024
Mining vs Spot Bitcoin Breakdown
Can you accumulate more BTC by mining or buying spot?🤔
For this case study, we have Person A, who is mining Bitcoin. And we have Person B, who is buying spot Bitcoin. This simulation begins on 5/12/2020, the day after the 2020 halving
Person A:
- Purchases an S19 for $2,220
- 95 Th/s, 34.2 W/Th, $0.08/kWh
- Holds all BTC mined, pays electricity out of pocket ($5.93 per day)
Person B:
- Lump sum purchase on day 1 of $2,220 (opportunity cost of buying S19)
- Initial acquisition of ~.252 BTC based on BTC price 5/12/2020
- Daily DCA of $5.93 (daily cost of running S19)
Total BTC Stacked Mining: 0.669✅
Total BTC Stacked Spot Buying: 0.593❌
To date, Person A has Person B by ~0.076 BTC! (~$5,200)
It took 609 days (Jan 11th, 2022) for the BTC stack of the miner to surpass the BTC stack of the spot buyer. This analysis doesn't even include the resale value of the S19. At the time of writing, based on data from the Blockware Marketplace, the market price of a single S19 is ~$575.
It's not too late to start mining Bitcoin. Purchase the latest-generation ASICs today and out-stack spot-buyers during the 2024-2028 epoch.
Mining Difficulty
Difficulty is going to make one last push higher before the halving, with an expected adjustment of ~4.2% on Wednesday. During the entirety of the 6.25 epoch, mining difficulty has risen by ~519%
Comparatively, hashrate/difficulty is growing at a much slower rate than it did during previous halving epochs.
Epoch 0: +435 million %
Epoch 1: +11 million%
Epoch 2: +8,543%
Epoch 3: +519%
Whatsminer M66s
Blockware is still offering limited-time access to the Whatsminer M66s; a high-powered, high-efficiency immersion ASIC.
288 TH/s (with up to 15% additional hashpower when operating in ‘high-performance mode’)
19.5 W/Th.
Contact sales@blockwaresolutions.com to learn more about the M66s. Don’t wait, these machines are selling quickly!
Check out these images of the facility where your machines will be hosted.
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.