Monday Mining Metrics: S21 Giveaway LAST CALL
Bitcoin Mining Update - 1/29/2024
Antminer S21 Giveaway
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2024 Bitcoin Halving
We are now 94% of the way through the current halving epoch, with the 2024 halving projected to occur on April 21, 2024.
This will be the first halving since ordinals/inscriptions became popular, and regardless of where you stand on the topic, it’s a fact that some people place higher subjective value on “rare sats.” As such, it is almost certain that a chain reorg will be attempted at the halving block.
In an attempt to mine block 840,000, some miners/pools may continue to hash that block even if a valid block 840,000 has already been broadcasted, hoping to get lucky and build a longer chain. Waiting for six confirmations after this block will be important because that’s when it becomes nearly mathematically impossible to reorg the chain. Source: Bitcoin Whitepaper.
Moreover, fees will likely be noticeably higher to get a transaction into the halving block. This is a historic block and there will be significant competition to have a transaction included in it.
Miner Revenue per Terahash per Day
Hashprice is hovering around $0.08/TH/Day. Barring a significant increase in the price of BTC between now and April, the halving will put pressure on the weakest (high energy cost, inefficient ASICs) Bitcoin miners on the network.
This moment of peak fear for Bitcoin miners has historically been the ideal time to buy ASICs. With new generation machines (S21s and M60s) hitting the market, you can acquire top-notch machines right when it matters most. Moreover, the coming bull market will likely increase the price of mining rigs, stacking ASICs now will allow your Cap. Ex. to appreciate.
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; Antminer S21s, S19 XPs, S19k Pros, and Whatsminer M50s.
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.