Let’s pretend it’s May 2025, a year after the halving and Bitcoin is $120k. Network hashrate has doubled, so in theory in terms of fiat a S19 J pro should be making similar to what it is now before electricity costs. Under these conditions, how much would a S19 J pro 104th sell for second hand? Would it be the same as it is now because it’s making the same fiat value?
I’m looking at you @badgerlandcrypto
I’ve actually thought about this a fair amount. Currently a used s19j pro 104T is around $9.5/T ($988), new is $11.5/T ($1,196).
Halving to peak bull run has been:
Profit Projections May 2025 ($0.07/kWh)
So in theory the peak of the upcoming bull run will be 18-20 months following the halving - October-December 2025. That would seem to leave a fair amount of time for people to FOMO, in a frothy market, into some BTC miners. If we’re in the $5/day profit range these should still sell for $1,000 all day. $2.36/day would make this a tough buy. $7.50/day would put the price around $1,350.
Remember, FOMO in a bull is real. S9s…yes, S9s were selling for stupid amounts during the last run we had.
So much to consider when trying to create a profitable operation. Exciting times ahead, make or break baby!
I’ve been struggling with this, except with gpu’s instead of asics. I really want to buy some hardware, but, its a rough decision in this market.
I’m not sure GPU rigs are profitable at all anymore. 3070’s are selling for $200 or so now.
It’s tempting to have a 40/60 split between new gen (S21) and old gen (S19) but run S19s in current climate in low power mode, so when the bull run comes sell the new gen and overclock the old gen til they die. Just a thought for myself running off grid
Profitable at my rates, but barely.
Why would you sale during a bull market when that’s the most profitable times to earm more $.
From my perspective,
When I’m finally mining off grid with solar and batteries, I’ll be capped at 20kw capacity until I get my biogas generator integrated, Then it will be possible to have 45kw capacity. But for the short term when next gen miners come out it will be 20kw. So I already have an L7 which I wont remove, I’ll be able to have 3 next gen miners (assuming 3000 watts each) and 4 current gen if I run it on low power mode. If I get 3 S21 miners I’ll be able to mine them for 12 hours off grid (without backup generator) + if I bring them back to my house I can run them for 6 hours at night, so 18 hours a day without paying for power isnt bad, sounds like a pain in the ass in writing but set up correctly it would take less than 5 minutes to relocate because they will be on my farm where I work, so just drop them off before work and take them home after work, which is minutes away from where I live anyway.
Assuming the S21 series is 200th, running them normally + 4 miners in low power mode is 960th. If I sell S21 miners at a good price, I’ll be able to overclock my S19 miners and get 480th, essentially take profits and position myself to buy the next gen miners again before the next bull run again.
Or, have 8 S19 miners running in low power mode for 650th, if during the bull run sell 4 to take profits, overclock my last 4 and prepare for the next bull run. If not then chuck them in the bin when the time comes.
I’m not sure what I am going to do, I am just brain storming to create a concrete plan while things are slow so I’m not making spastic decisions when things are hectic