Monday Mining Metrics: BTC to $107,000. Miners Profit Greatly.
Monday Mining Metrics: BTC to $107,000. Miners Profit Greatly.Bitcoin Mining Update – 12/16/2024
Miner Revenue per Terahash Miner Revenue (hashprice) holding steady above $0.06/Th/Day. Since November 1st: > BTC Price: +53% > Mining Difficulty: +12% The path to success for miners was always obvious: Survive the halving, feast in the bull market. Now is the time where miners feast… Mining Difficulty Difficulty increased by 4% over the weekend – a marginal jump in comparison to the radical rise in the Bitcoin price. With each passing day Blockware’s hashrate thesis is becoming more vindicated. Growth in mining difficulty is not, cannot, and will not keep up with growth in Bitcoin price. Mining profit margins will grow significantly in 2025 – as they have in Q4 2024. Cost to Mine by Machine Type Here’s an updated version of one of our favorite charts: Cost to Mine 1 Bitcoin. This machine measures the BTC “Breakeven” price of different Bitcoin miners based on an electricity rate of $0.078/kWh. Another way to think about it is that these lines represent the price that miners are ‘dollar cost averaging’ at. 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. Blockware Intelligence Newsletter is free today. But if you enjoyed this post, you can tell Blockware Intelligence Newsletter that their writing is valuable by pledging a future subscription. You won’t be charged unless they enable payments.
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