Since New Years day we’ve seen the Bitcoin value rise from mid $16K to virtually $23k.
Is that this the beginning of a bull run, is it a fakeout, is it cease hunt for the shorts? We don’t know, you don’t know, it’s not possible to know nevertheless it’s a welcome respite from the lows on the finish of final 12 months, so lengthy might it final, and luxuriate in it whereas it does. However Miners, watch out what you would like for.
{Hardware} costs have dropped considerably within the final 12 months on account of the market capitulations, many distributors will take the earliest alternatives/excuses to place costs up on the stock they could have bought for greater than triple present costs.
Attempting to foretell {hardware} costs is as tough as predicting the route Bitcoin will take subsequent. Having been on this market for a few years, we see the vast majority of individuals miss out on the low costs, sitting on the sidelines as a result of they suppose it should go decrease. The worth volatility continues to be comparatively low, is now time to purchase? Perhaps, possibly not, it’s nonetheless a lot a lot better than it was a 12 months in the past, however in BTC phrases.
Right here’s a snapshot of the {hardware} costs virtually precisely 1 12 months in the past:
A mean $/TH value of $93. Quick ahead virtually precisely 12 months:
A mean value of $17/TH. Over $8.5K knocked off the value off an S19J Professional 100.
If we take a look at the BTC value drop, on January 24th, 2022 BTC closed at $36735, on January 19th 2023 BTC closed at $21053, a YoY fall of 42%. Though not one of the distributors listing {hardware} costs in BTC I very often like to take a look at {hardware} prices in BTC phrases. On January 24th 2022 an S19J Professional 100TH would have value $10,170, in BTC that’s ₿0.277. On January 19th 2023 an S19J Professional 100TH would have value $1500, that’s ₿0.077. ₿0.277 (price $5831 on January 19th) would purchase simply over 3 S19J Professional’s now. $10,170 would purchase 6 S19J Professional’s now.
For the reason that starting of 2023 {hardware} costs have been pretty flat, at the start of January an S19J Professional 100TH would have value $1400, the value have risen by about 7%, Bitcoin has risen virtually 43% in the identical time frame.
In earlier extra bullish markets we’d have seen a steeper/faster rise in {hardware} costs with a rising Bitcoin value. The truth that the costs are nonetheless comparatively flat is indicative of the excessive volumes of recent and used inventory {hardware} on the market. Normally the Asian reseller market would drive costs up, proper now with plenty of new and used miners nonetheless sat in containers within the US, sellers within the US are driving the market pricing, market forces and competitors conserving the pricing down, the Bitmain and Asian monopoly have weak fingers proper now.
S19J Professional+ 122TH
January noticed Bitmain launch a extra environment friendly S19J Professional, the S19J Professional+. Bitmain are claiming it should hash at 122TH with an effectivity of 27.5J/TH, it should draw 3355W. Bitmain are promoting this for $19.5/TH, $2379+delivery. We’re promoting these for a number of $/TH lower than the present Bitmain spot value, as at all times, please contact for pricing.
Do you have to purchase one? Clearly many components come into play when deciding which miner is greatest for you and your circumstances. Increased electrical energy costs or lack of area would dictate the necessity for elevated effectivity. Are you curious about producing as many BTC as doable previous to the halving? Are you curious about real-time profitability, possibly together with your present cashflow state of affairs you possibly can’t afford to hodl 100% of the Bitcoin generated. With new firmware prone to be launched within the subsequent few months for this mannequin, it’s doable the effectivity may enhance additional by decreasing the chip frequency, energy consumption and decrease the hashrate.
Listed below are a few examples displaying how the S19J Professional+ and the prevailing S19J Professional 100TH primarily based on a reasonably simplistic mining revenue calculator, utilizing an influence value of $0.07/kwh:
S19J Professional+ 122TH:
The breakeven energy value for this on the present BTC value and problem is about $0.11/KWh.
S19J Professional 100TH:
The breakeven energy value for this on the present BTC value and problem is about $0.10KWh.
As you possibly can see there’s a $389 distinction in revenue per 12 months, however proper now, should you order direct from Bitmain the distinction in capital outlay is $880 (please don’t try this, purchase from Minerset.com, we will prevent cash and we’re a lot nicer to cope with than Bitmain will ever be!).
In case your electrical energy value is greater than $0.07 and fairly lots of people are paying greater than that (for instance I dwell within the UK and the home electrical energy value is over $0.4/kwh, and no, I don’t mine right here), the S19J Professional+ begins to make extra sense, as does deploying S19J Professional or S19’s with non-standard configurations to enhance their effectivity and profitability.
Since New Years day we’ve seen the Bitcoin value rise from mid $16K to virtually $23k.
Is that this the beginning of a bull run, is it a fakeout, is it cease hunt for the shorts? We don’t know, you don’t know, it’s not possible to know nevertheless it’s a welcome respite from the lows on the finish of final 12 months, so lengthy might it final, and luxuriate in it whereas it does. However Miners, watch out what you would like for.
{Hardware} costs have dropped considerably within the final 12 months on account of the market capitulations, many distributors will take the earliest alternatives/excuses to place costs up on the stock they could have bought for greater than triple present costs.
Attempting to foretell {hardware} costs is as tough as predicting the route Bitcoin will take subsequent. Having been on this market for a few years, we see the vast majority of individuals miss out on the low costs, sitting on the sidelines as a result of they suppose it should go decrease. The worth volatility continues to be comparatively low, is now time to purchase? Perhaps, possibly not, it’s nonetheless a lot a lot better than it was a 12 months in the past, however in BTC phrases.
Right here’s a snapshot of the {hardware} costs virtually precisely 1 12 months in the past:
A mean $/TH value of $93. Quick ahead virtually precisely 12 months:
A mean value of $17/TH. Over $8.5K knocked off the value off an S19J Professional 100.
If we take a look at the BTC value drop, on January 24th, 2022 BTC closed at $36735, on January 19th 2023 BTC closed at $21053, a YoY fall of 42%. Though not one of the distributors listing {hardware} costs in BTC I very often like to take a look at {hardware} prices in BTC phrases. On January 24th 2022 an S19J Professional 100TH would have value $10,170, in BTC that’s ₿0.277. On January 19th 2023 an S19J Professional 100TH would have value $1500, that’s ₿0.077. ₿0.277 (price $5831 on January 19th) would purchase simply over 3 S19J Professional’s now. $10,170 would purchase 6 S19J Professional’s now.
For the reason that starting of 2023 {hardware} costs have been pretty flat, at the start of January an S19J Professional 100TH would have value $1400, the value have risen by about 7%, Bitcoin has risen virtually 43% in the identical time frame.
In earlier extra bullish markets we’d have seen a steeper/faster rise in {hardware} costs with a rising Bitcoin value. The truth that the costs are nonetheless comparatively flat is indicative of the excessive volumes of recent and used inventory {hardware} on the market. Normally the Asian reseller market would drive costs up, proper now with plenty of new and used miners nonetheless sat in containers within the US, sellers within the US are driving the market pricing, market forces and competitors conserving the pricing down, the Bitmain and Asian monopoly have weak fingers proper now.
S19J Professional+ 122TH
January noticed Bitmain launch a extra environment friendly S19J Professional, the S19J Professional+. Bitmain are claiming it should hash at 122TH with an effectivity of 27.5J/TH, it should draw 3355W. Bitmain are promoting this for $19.5/TH, $2379+delivery. We’re promoting these for a number of $/TH lower than the present Bitmain spot value, as at all times, please contact for pricing.
Do you have to purchase one? Clearly many components come into play when deciding which miner is greatest for you and your circumstances. Increased electrical energy costs or lack of area would dictate the necessity for elevated effectivity. Are you curious about producing as many BTC as doable previous to the halving? Are you curious about real-time profitability, possibly together with your present cashflow state of affairs you possibly can’t afford to hodl 100% of the Bitcoin generated. With new firmware prone to be launched within the subsequent few months for this mannequin, it’s doable the effectivity may enhance additional by decreasing the chip frequency, energy consumption and decrease the hashrate.
Listed below are a few examples displaying how the S19J Professional+ and the prevailing S19J Professional 100TH primarily based on a reasonably simplistic mining revenue calculator, utilizing an influence value of $0.07/kwh:
S19J Professional+ 122TH:
The breakeven energy value for this on the present BTC value and problem is about $0.11/KWh.
S19J Professional 100TH:
The breakeven energy value for this on the present BTC value and problem is about $0.10KWh.
As you possibly can see there’s a $389 distinction in revenue per 12 months, however proper now, should you order direct from Bitmain the distinction in capital outlay is $880 (please don’t try this, purchase from Minerset.com, we will prevent cash and we’re a lot nicer to cope with than Bitmain will ever be!).
In case your electrical energy value is greater than $0.07 and fairly lots of people are paying greater than that (for instance I dwell within the UK and the home electrical energy value is over $0.4/kwh, and no, I don’t mine right here), the S19J Professional+ begins to make extra sense, as does deploying S19J Professional or S19’s with non-standard configurations to enhance their effectivity and profitability.
