Mining machine price market weekly report (2021.2.27-2021.3.5)

1. About the BTC hashrate market

Summary: The price of BTC is in a volatile trend this week, but the price of mining machines is relatively stable, without significant fluctuations. However, the rate of return of holding BTC mining machines this week is higher than that of holding coins.

1. BTC price changes

As of March 5, the BTC price rose 5.34% from February 26, 2021, closing at 48751.71U, reaching a low of 43000U.

Chart citation: veryhash.com

2. Changes in BTC mining machine prices

As of March 5, the top three profitable BTC mining machines are still: S19, S19Pro, and M30S.

Chart citation: veryhash.com

The BTC price was in a volatile range this week. As the yield of mining machines was relatively lower than before, the price of mining machines fell slightly compared with last week.

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 18.07%.

From the 18.07% increase in the price of BTC mining machines on the market this week and this week's FPPS, it can be concluded that the profit of holding S19 mining machines this week is: 20.68%, while the coin price rose by 5.34% 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 a volatile range. From the above statistics, we can see that the daily gross income of each S19Pro, S19, and M30S is 221.13 yuan, 190.98 yuan, and 176.9 yuan respectively, and the corresponding payback period is 272 days, 280 days, and 291 days respectively. It can be concluded that although the price of the currency is slightly rising now, due to the lag of the mining machine market and the unclear judgment of the short-term trend, and the payback period of the mining machine has declined compared with the previous period, the price of the over-the-counter mining machine has fallen briefly, but the market still has great expectations for the future market, so now is a good time to choose to buy a mining machine.

2. About the ETH hashrate market

Summary: This week, the price of ETH has increased slightly 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 5, 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 price of ETH. As shown in the figure, the price of ETH has risen by 7.76% this week, and the daily gross income of each Wolf God B3 and Innosilicon A10Pro is 287.16 yuan and 375.91 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: 16.13%, 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.

The price of ETH is also in a volatile market now, but because the yield of ETH mining machines is much higher than that of BTC mining machines, and people in the market expect the future increase of ETH to be greater than the increase of BTC, many people in the market are buying ETH mining machines, and now the price of ordinary computer graphics cards has been hyped up to more than 3 times that of January. In addition, the best ETH mining machine manufacturer in the market, Innosilicon, is obviously underloaded, and the output is far from meeting the market demand. The production has been scheduled until October, so according to the supply relationship, it can be concluded that the price of ETH mining machines will inevitably increase.