Weekly Hashrate Market Report: BTC prices fell this week, and mining machine prices also fell
About the BTC computing power market
Summary: The price of BTC fell this week, and the price of mining machines also fell accordingly, but holding BTC mining machines during this week is more resilient than holding coins.
1. BTC price changes
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Chart reference:veryhash.com
2. Price changes of BTC mining machines
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Chart reference:veryhash.com
This week, the price of BTC has been in a falling range throughout the period, and the price of mining machines has retreated to a certain extent compared with last week. The S19 fell by 8.82%, and the S19Pro fell by 15.55%.
3. Mining income this week
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Chart reference:veryhash.com
It can be seen from the chart that the price of computing power in Veryhash also dropped slightly this week, with a drop of 13.79%.
From the 8.82% drop in the BTC mining machine price this week and the FPPS this week, it can be concluded that the loss of holding the S19 mining machine this week is: 6.04%, while the currency price fell by 8.72% this week.
From this, it can be concluded that holding a mining machine for mining is better than holding coins this week.
The price of BTC this week has a slight correction compared to last week. According to the statistics in the above figure, the corresponding daily gross income of each S19Pro, S19, and M30S is: 190.31 yuan, 164.36 yuan, and 152.25 yuan, and the corresponding payback periods are respectively 296 days, 298 days, 291 days. From this, it can be concluded that the current payback cycle of mining machines has gradually returned to the normal cycle of 250-280 days compared with last week. Although the price of the mining machine has been pulled back, due to the large pullback of the currency price this week, the current market trading volume is not much, and most people are in a wait-and-see state.
About the ETH computing power market
Summary: Compared with last week, the price of ETH has experienced a slight correction this week, and the price of mining machines has experienced a correction. However, holding ETH mining machines within this week is more resilient than holding coins.
As of the press date of January 8, the top three mining machines in terms of profitability of ETH mining machines are: Wolfshen B3, Innosilicon A10Pro, and Ether Bull Z7. Since the market share of the Ether Bull Z7 is relatively small, and there are not many sources in the market, its reference is ignored.
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image descriptionveryhash.com
Chart reference:veryhash.com
From the 8.45% drop in the price of the ETH mining machine this week and the mining income this week, it can be concluded that the loss rate of holding the A10Pro mining machine this week is: 5.21%, while the currency price fell by 8.44% this week.
From this, it can be concluded that holding a mining machine for mining is better than holding coins this week.
The price of Wolfshen B3 fell by 12.06% from last week, and the price of Innosilicon A10Pro fell by 8.45%. The payback period of Wolfshen B3 and Innosilicon A10Pro are 190 days and 185 days respectively. Although it has decreased from last week, it is still within the reasonable payback period of 150-200 days for ETH mining machines. Although the price has dropped now, the number of buyers and sellers in the market is small, because the seller is still optimistic about the rise of the currency price for a long time, so they think that the mining machine will also rise, and the buyer is afraid that the currency price will still have a certain correction. So now the market as a whole has dropped in price and the transaction volume has dropped a lot.
It can be concluded that in the currency price correction last week, due to the high correlation between the price of the mining machine and the price of the currency, the magnitude of the callback of the mining machine is similar to the correction of the currency price, but because the mining machine has output every day coins, so holding mining machines is more resilient than holding coins.
