🚨MAJOR Discount on Bitcoin Mining🚨

From now until Friday (11/29/2024), Blockware has dropped its hosting rate to $0.074/kWh for all machines located at our Iowa facility!

The S19 XP’s we had sold out quickly but we still have S21’s available! The graphic below shows the current economics of one of these machines!

Head to marketplace.blockwaresolutions.com to get started today!

Or, email sales@blockwaresolutions.com to inquire about bulk purchase orders (5 machines or more).

Cost to Mine 1 Bitcoin

Here’s an updated chart on the cost to mine 1 BTC based on machine type and an electricity rate of $0.078/kWh.

At 7.8c/kWh the Antminer S21 (200T, 17.5 W/T) has a breakeven price of ~$52,000 while S21’s that lock in our promotional hosting rate of 7.4c/kWh will mine 1 BTC for ~$49,000 in electricity.

Mining Difficulty Lagging Behind

The bullish action in Bitcoin price is NOT translating to a rise in network hashrate/difficulty of an equal magnitude.

A reminder for those new to Bitcoin – “hashrate” measures the aggregate amount of computational power from all Bitcoin miners. When hashrate increases, mining “difficulty” also increases. This results in the BTC block reward that miners earned getting divided among more participants. For example, a 5% increase in difficulty means that each miner will earn 5% less BTC in revenue per unit of compute.

Miners are thriving in the current environment because the BTC price is up ~40% over the past month while mining difficulty is up ~10% in the same time.

To learn more about Bitcoin mining with Blockware, fill out this form on our website.

The table below provides a full pricing list for all the ASICs available through Blockware at this time. For those seeking to purchase ASICs in bulk (with or without hosting), contact sales@blockwaresolutions.com or reach out here.

If you’re looking to purchase individual machines, you can use our self-service marketplace to pay with BTC and start mining immediately!

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.