Hashrate growth slowing down
Bitcoin hashrate has increased by 29% since the middle of April 2024. This time in half is in pace for the lowest increase in difficulty at all times.
The growth of hashrate is slowing down and here is why:
> Marginal efficiency gains in ASIC are decreasing
> Energy production is the main limiting factor for the growth of hashrate
> AI / HPC as an alternative energy monetization method
This trend is optimistic for Bitcoin miners.
Less hashrate growth = less competition = higher benefit margins for miners.
In the third quarter of 2024 we publish a report that provides an in -depth analysis of this trend, the relationship between the price of Bitcoin and Bitcoin’s hashrate, and how this affects Bitcoin miners.
Click the link below to download and read that report.
https://mining.blockwaresolutions.com/report
“Buy when there is blood on the streets”
Possibly this is the best offer of ‘offer of the week’ in the history of the blockware market. An distressed seller has listed hundreds of S19K Pro’s anthinters at $ 6.6/t.
– $ 6.6/t
– $ 792 per unit
– $ 74,000 BTC Bleakeen Price
While the efficiency of the k pro pale compared to the newest hardware such as the S21 XP, the low initial cost makes this a very attractive opportunity. Here is a breakdown of the K Pro based on the current price of BTC, difficulty and an electricity rate of $ 0.078/kWh:
With a 77% APY in current market conditions, this is the best treatment in Bitcoin Mining at this time.
If Bitcoin reaches $ 150,000 by the end of this year (assuming a 1% increase in mining difficulty for each 2% increase in the price of Bitcoin), these k pro will reach a complete ROI in 2025.
The compensation is that these machines have thinner operating margins; 32% under the current market conditions. However, if you are optimistic in BTC in the next twelve months, then you must expect these margins to increase.
Even if you are worried about the short -term BTC price action, these machines have a lot of breathing in terms of profitability. For these machines to work with a loss, the mining difficulty would have to increase by more than 30% without any step in the price of Bitcoin. At $ 0.078/kWh, the S19K Pro is profitable whenever Hashprice remains above $ 0.043/th/day. Since the middle of half of 2024, Hashprice has only spent a handful of days at that level or lower.
Mining as a blockware service allows you to start Bitcoin mining, without lifting a finger. Blockware handles everything, from ensuring the miners, until obtaining low cost power, to the configuration of the mining group, do everything.
With multiple data centers in the US, Blockware is the most reliable mining partner in the industry.
Click here to see our market where you can see real -time analysis in our miners and make an immediate purchase using BTC or Fiat.
If you want a more practical mining experience, Complete this form on our website. One of our account executives will contact and can guide it through our entire supply of products and services! The following table provides a complete price list for all ASIC available through blockware at this time. For those who seek to buy Asic in bulk (with or without accommodation), communicate with salales@blockwaresolutions.com or communicate with here.
All content is only for informative purposes. This Blockware Intelligence Bulletin is of a general nature and considers or addresses individual circumstances and is not investment advice, nor should it be interpreted in any way as fiscal, accounting, legal, commercial, financial or regulatory advice. You should seek independent legal and financial advice, including advice on tax consequences, before making any investment decision.