Mining machine price market weekly report (2021.3.6-2021.3.12)

1. About the BTC hashrate market

Summary: BTC prices are on an upward trend this week, and mining machine prices are also rising. The rate of return of holding BTC mining machines this week is higher than holding coins.

1. BTC price changes

As of March 12, the BTC price rose 17.07% from March 6, 2021, closing at 57227.8U.

Chart citation: veryhash.com

2. Changes in BTC mining machine prices

As of March 12, the top three profitable BTC mining machines are: S19, S19Pro, and M30S.

The BTC price is in an upward range this week, so the revenue of mining machines has increased compared to before, so the price of mining machines has also increased.

3. Mining income this week

4. Changes in S19 revenue in VeryHash this week

Chart citation: veryhash.com

The chart shows that the price of computing power in VeryHash is on the rise this week, up 8.33%.

From the 15.18% increase in BTC mining machine prices this week and this week's FPPS, it can be concluded that the profit of holding S19 mining machines this week is: 18.69%, while the coin price rose by 17.07% this week.

From this, it can be concluded that holding mining machines in the market for mining this week is better than holding coins.

This week, the BTC price is in an upward range. From the above statistics, we can see that the daily gross income of each S19Pro, S19, and M30S is 269.49 yuan, 232.74 yuan, and 215.59 yuan respectively, and the corresponding payback period is 296 days, 292 days, and 305 days respectively. It can be concluded that the current coin price is in an upward range, so it also drives the increase in the income of mining machines. In addition, the market is in short supply of BTC mining machines, and the production capacity of major BTC mining machine manufacturers is insufficient, so it is a seller's market. Money does not necessarily mean that you can buy goods in the market, so the market outlook is still optimistic that mining opportunities will rise further.

2. About the ETH hashrate market

Summary: This week, the price of ETH has increased compared to last week, and the price of mining machines has also increased. The profit of holding ETH mining machines this week is higher than that of holding coins.

As of March 12, the top three ETH mining machines in terms of profitability are: Wolf God B3, Innosilicon A10Pro, and Ethereum Bull Z7. Since the market share of Ethereum Bull Z7 is relatively small and there is not much supply on the market, its reference value is ignored.

The price of ETH mining machines has risen along with the rise in ETH prices. As can be seen from the figure, the price of ETH has risen by 7.03% this week, and the daily gross income of each Wolf God B3 and Innosilicon A10Pro is 425.1 yuan and 571.31 yuan respectively.

Chart citation: veryhash.com

Chart citation: veryhash.com

From the fact that the price of ETH mining machines remained basically unchanged this week and the mining income this week, it can be concluded that the profit rate of holding A10Pro mining machines this week is: 36.82%, while the coin price rose by 7.76% this week.

From this we can conclude that holding mining machines for mining this week is better than holding coins.

Now the price of ETH is also on the rise, but because the yield of ETH mining machines is much higher than that of BTC mining machines, and people in the market expect ETH's future growth to be greater than BTC's growth, many people in the market are buying ETH mining machines, and because the production capacity of various ETH mining machine manufacturers is insufficient, it can be concluded based on the supply relationship that the price of ETH mining machines is bound to increase.