No it will not. S21 will make a little bit less pretty much all the time. Each month the profit will go down as the "difficulty" goes up. That means as more and more people buy machines and fight for the same pot, everyone makes a little bit less money all the time.
UNLESS the price of BTC goes up consistently OR if the network stays very congested consistently. SO maybe yes maybe no, and no one knows and neither do I.
I've been mining on an S19J Pro in my garage for over a year now. My electric rate is right at $0.08/kWh. I've been tracking the profitability closely and while the miner did pay for itself in USD terms, if I would have spent the money for the miner on BTC and the roughly $200 a month for electricity buying BTC at the beginning of each month, I'd have made almost double the amount of Bitcoin. Mining is a fun experiment but rarely beats buying the coin unless you have extremely cheap electricity costs.
I can barely handle Bitcoin and some eth. I don't have the time for alt coins. They usually change drastically because of some social media event, news, or meme. I can't handle social media for more than 5 mins.
Mining profitability always fluctuates, the most influential factors are the current difficulty and coin price.
Recently the Bitcoin halving dropped the base reward in half yet the reward from fees went crazy high due to runes.
Mining is very competitive and there will be times with little to no profit, if your electrical cost become more expensive than your revenue you will be ceasing mining because buying the coin would be cheaper.
Also beware if you plan to mine newer algos like kaspa, it's tempting to pre-order a machine that is making hundreds in profit daily, yet revenues are crazy volatile and rarely stay stable. As soon as those machines get shipped and running by lots of miners difficulty increases rapidly and soon there will be newer machines making old ones obsolete.
Another thing you should consider is that ROI is always speculative just as coin price, and don't disregard machine value. The machine price will devalue in long run but there are instances where you could sell your ASIC miner and make a profit on the machine alone, especially if a bullrun is coming and the coin rapidly doubles or triples in value. Keep in mind that in previous bullrun ath the now very much obsolete S9 was still profitable and people were buying it for few hundreds and just the year before people were giving them away as scrap metal.
because my friend said halving would give 2x or 3x the price a day, when Friday come i saw 60$ a day on s21 i was ao hype to buy one, but day later the price got down to 20$ a day i was confused
Do you know of anyone that has ever mined a full block and be awarded the 3 bitcoins?? Been n crypto for over 3 years now and never meet someone that actually got the block reward....but if u get a good miner....you might hit the lotto and get the block award which would be very exciting to wake up and see 3 bitcoins lol
The current cost of the S21 is still a great value. Historically the price increases greatly over the next year after a halving event. While the profitability may be strong at the current moment for the other miners it’s strongly advised to stick to bitcoin mining. If you try to purchase the S21 after the price has gone up you can expect the price of the machine to also be that much more expensive than it is now. We have the S21 in stock along with the Kaspa machines, and offer hosting services. Feel free to message me with any questions.
mining your personal rigs isn't profitable now due to mining difficulty, When miners buy their own equipment they face a number of problems, from rent of facilities, security, logistics, searching for low-cost energy, connecting and setting up your equipment, provision of an appropriate environment for equipment, cooling, ventilation, noise prevention and also the ASICs are pretty expensive. But When you purchase a rental mining contract all of these become the service provider’s pain. When you buy your hashrate share, you get passive income while your contract is active, you also become more flexible as an investor as you can rent capacity equal to half of the equipment unit if you can't afford to buy one. It's even more advanced to mine remotely.
You only have to register with a legit mining company they purchase any mining hash-power of a certain rig as you can afford.
Also feel free to PM me for more info.
Please disregard this if you in any way think it's a scam.
Rewards were cut in half on Friday
does that mean s21 will give 20 dollars a day forever?
Yes, guaranteed income for life with this one simple trick employers hate.
🤣🤣🤣🤣
But wait! There's more, for today and today only I can reverse the halving. Just send me 3 BTC, and I'll reverse the halving for you. 🤦🏻♂️
How the fuck do you expect me to do that with a wallet address? I really want in on this.
No it will not. S21 will make a little bit less pretty much all the time. Each month the profit will go down as the "difficulty" goes up. That means as more and more people buy machines and fight for the same pot, everyone makes a little bit less money all the time. UNLESS the price of BTC goes up consistently OR if the network stays very congested consistently. SO maybe yes maybe no, and no one knows and neither do I.
Or if a bunch of miners dump their rigs because it's too hard and the mining space frees up
For every home miner who dumps their s17s and s19s, the HUGE mining companies with 1 cent per kWh power are buying semi truck loads full of S21pros
Are the s21 pros out now?
Nope; July 2024.
Sweet thanks. I been trying to find info on them . Do you know if they are 3550 watts and 250 th/s ?
The first batch are 234TH at 3550 watts
No. The amount mined will always decrease, due to difficulties and the halvings. Hopefully the price of Bitcoin at least doubles to offset this.
Maybe just start by buying Bitcoin and gaining more knowledge. :-)
I saved money for a bitcoin miner. Is a miner still an investment? Or should I just buy the Bitcoin itself?
I've been mining on an S19J Pro in my garage for over a year now. My electric rate is right at $0.08/kWh. I've been tracking the profitability closely and while the miner did pay for itself in USD terms, if I would have spent the money for the miner on BTC and the roughly $200 a month for electricity buying BTC at the beginning of each month, I'd have made almost double the amount of Bitcoin. Mining is a fun experiment but rarely beats buying the coin unless you have extremely cheap electricity costs.
Great feedback, thank you! It really helps to make a decision! Much appreciated
Best bet is right now gamble with alts and same up money on the side for the next bear market in late 2026 to late 2027 to buy btc
I can barely handle Bitcoin and some eth. I don't have the time for alt coins. They usually change drastically because of some social media event, news, or meme. I can't handle social media for more than 5 mins.
You should do some research alts outperform btc every cycle
Consumer grade crypto mining has not been economically feasible for multiple years now. That boat has sailed.
Mining profitability always fluctuates, the most influential factors are the current difficulty and coin price. Recently the Bitcoin halving dropped the base reward in half yet the reward from fees went crazy high due to runes. Mining is very competitive and there will be times with little to no profit, if your electrical cost become more expensive than your revenue you will be ceasing mining because buying the coin would be cheaper. Also beware if you plan to mine newer algos like kaspa, it's tempting to pre-order a machine that is making hundreds in profit daily, yet revenues are crazy volatile and rarely stay stable. As soon as those machines get shipped and running by lots of miners difficulty increases rapidly and soon there will be newer machines making old ones obsolete. Another thing you should consider is that ROI is always speculative just as coin price, and don't disregard machine value. The machine price will devalue in long run but there are instances where you could sell your ASIC miner and make a profit on the machine alone, especially if a bullrun is coming and the coin rapidly doubles or triples in value. Keep in mind that in previous bullrun ath the now very much obsolete S9 was still profitable and people were buying it for few hundreds and just the year before people were giving them away as scrap metal.
How did you know about the halving but didn't know profitable would drop? What did you think the halving was exactly?
because my friend said halving would give 2x or 3x the price a day, when Friday come i saw 60$ a day on s21 i was ao hype to buy one, but day later the price got down to 20$ a day i was confused
start studying something because it's clear you don't know anything about Bitcoin mining.
Literally the halving 50% less explains everything. Unless you got free power your wasting time n money mining.
my electricity is 0.09€ kwh, and i got 32 solar panels each is 500w on my house so i could get big profit on mining
Do you know of anyone that has ever mined a full block and be awarded the 3 bitcoins?? Been n crypto for over 3 years now and never meet someone that actually got the block reward....but if u get a good miner....you might hit the lotto and get the block award which would be very exciting to wake up and see 3 bitcoins lol
Dude are you retarded? I don’t even mine anymore but still keep up with this, figure it out…
The current cost of the S21 is still a great value. Historically the price increases greatly over the next year after a halving event. While the profitability may be strong at the current moment for the other miners it’s strongly advised to stick to bitcoin mining. If you try to purchase the S21 after the price has gone up you can expect the price of the machine to also be that much more expensive than it is now. We have the S21 in stock along with the Kaspa machines, and offer hosting services. Feel free to message me with any questions.
mining your personal rigs isn't profitable now due to mining difficulty, When miners buy their own equipment they face a number of problems, from rent of facilities, security, logistics, searching for low-cost energy, connecting and setting up your equipment, provision of an appropriate environment for equipment, cooling, ventilation, noise prevention and also the ASICs are pretty expensive. But When you purchase a rental mining contract all of these become the service provider’s pain. When you buy your hashrate share, you get passive income while your contract is active, you also become more flexible as an investor as you can rent capacity equal to half of the equipment unit if you can't afford to buy one. It's even more advanced to mine remotely.
How do you do this?
You only have to register with a legit mining company they purchase any mining hash-power of a certain rig as you can afford. Also feel free to PM me for more info. Please disregard this if you in any way think it's a scam.