Monday Mining Metrics: Mining Bitcoin vs Buying Bitcoin
Monday Mining Metrics: Mining Bitcoin vs Buying BitcoinBitcoin Mining Update – 12/23/2024
2025 Market Forecast We’ll be publishing our comprehensive 2025 Market Forecast this Friday! Make sure to stay tuned for that! The screenshot below is from our 2024 Forecast, published this time last year. With BTC finishing the year trading range-bound around $100,000, it’s safe to say that our ‘base case’ was accurate. Mining Bitcoin vs Buying Bitcoin? The age old question: If you’re goal is to accumulate as much BTC as possible, are you better off mining it or purchasing it directly? Check out this video where we analyze the benefits of mining, and how it effectively allows you to “dollar-cost average” at a discount to the spot price. Mining Difficulty This chart compares a $20 daily “DCA” into spot Bitcoin vs a $20 daily electricity spend to run some Bitcoin miners (Antminer S19 XP’s). In 2024, mining accumulated 63% more Bitcoin than a dollar-cost averaging strategy. Now, this does not factor in the up-front cost of the mining hardware. However, you can see clearly that over the long-term, mining enables you to acquire more Bitcoin which more than accounts for the up-front purchase of the machine. Moreover, the difference in BTC accumulation of mining vs spot buying becomes even more pronounced as the Bitcoin price increases. So if you’re bullish on Bitcoin, the best way to express that in the market is by mining. I want to Start Mining. What’s the best way to get started? Blockware has a fantastic end-of-year offering on Antminer S19 XP’s. We have these miners available right now on our marketplace for ~$1,692 per machine ($12/T). The table below gives a breakdown of the Antminer S19 XP based on the Bitcoin price & hashrate as of today: December 23rd, 2024. Under current market conditions, the payback period for each machine is roughly 2 years — but they are likely to ROI much sooner as BTC continues its bull run. Machines can be purchased through our marketplace using BTC or USD. All sales are turnkey — which means you’ll begin earning mining rewards as soon as your payment is confirmed. 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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