⭐ Merited by mikeywith (4)
So we nearly touched $35k, revenue per TH went under 15 cents again, the difficulty still shows a trend of over 4.5%, at least it's weekend and sunny outside.
And one more piece of good news, cheap miners, you can get right now your favorite S19 95th from Bitmain for only $6,745 , shipping in 10 days, and only 450 to ROI with zero cost electricity. Or the brand new S19 XP Hydro with a 500 days ROI , but you'll have to wait till January 2023. I can't wait to see what they will plan to offer for delivery in 2024 just before the halving
Percentage-wise it might be unsustainable, in terms of added hashes probably it will keep bumping like that for a few months every time there is a batch of gear delivered to some big buyer. There are still close to 7 of those hops alone from contracts that have been made public for this year so it's going to be a fun ride.
I wonder what's the average price at which those companies actually lose money on operations alone.
For the average S19 running at 5 cents per kWh electricity is 25% of the revenue right now, I wonder how much are the other costs, maintenance, security, electricity cost for cooling, and so on assuming a 1k or 5k miner operation.
And one more piece of good news, cheap miners, you can get right now your favorite S19 95th from Bitmain for only $6,745 , shipping in 10 days, and only 450 to ROI with zero cost electricity. Or the brand new S19 XP Hydro with a 500 days ROI , but you'll have to wait till January 2023. I can't wait to see what they will plan to offer for delivery in 2024 just before the halving
Power doesn't seem to be limited over there, money isn't limited either, it seems like the only real bottleneck here would be the manufacturing speed, current hashrate estimation is 223EH, a 5% increase is 11.15EH, which translates to nearly 111,000 S19 pros, to make and deploy that amount of gears is unsustainable IMO, we will have to slow down very soon, but we will never stop growing.
Percentage-wise it might be unsustainable, in terms of added hashes probably it will keep bumping like that for a few months every time there is a batch of gear delivered to some big buyer. There are still close to 7 of those hops alone from contracts that have been made public for this year so it's going to be a fun ride.
I wonder what's the average price at which those companies actually lose money on operations alone.
For the average S19 running at 5 cents per kWh electricity is 25% of the revenue right now, I wonder how much are the other costs, maintenance, security, electricity cost for cooling, and so on assuming a 1k or 5k miner operation.