Mining machine price market weekly report (2021.2.12-2021.2.19)

About BTC hashrate market

Summary: BTC prices rose this week, and mining machine prices were also on the rise, but the rate of return on holding BTC mining machines was higher than holding coins this week.

1. BTC price changes

As of the date of publication on February 19, the BTC price has risen by 18.23% from 2021.2.12 to 32959U, with a midpoint low of 55906U.

Chart citation: veryhash.com

2. Changes in BTC mining machine prices

As of the date of publication on February 19, the top three BTC mining machines in terms of profitability are still: S19, S19Pro, and M30S.

Chart citation: veryhash.com

The BTC price was in an upward range throughout this week, and the prices of mining machines increased to a certain extent compared with last week. S19 increased by 12.56%, and S19Pro increased by 5.25%.

3. Mining income this week

4. Changes in S19’s 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, with an increase of 16.2%.

From the 12.56% 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: 19.68%, while the coin price rose by 18.23% this week.

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

This week, the BTC price has increased significantly compared to last week. From the above statistics, we can see that the daily gross income of each S19Pro, S19, and M30S is 248.68 yuan, 212.56 yuan, and 199.56 yuan respectively, and the corresponding payback period is 264 days, 270 days, and 278 days respectively. It can be concluded that although the price of mining machines has risen a lot now, due to the significant increase in the price of coins this week and just after the holiday, the transaction volume in the market is large, and most people are bullish. The mining machine market is out of stock, and the price of mining machines will still rise in the future.

About ETH hashrate market

Summary: This week, the price of ETH has increased significantly 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 the date of publication on February 19, 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 is basically consistent with that of BTC mining machines in terms of logic, and both are affected by the price correction of the currency and the supply relationship of mining machines. As can be seen from the figure, the price of ETH has risen by 6.29% this week, and the daily gross income of each Wolf God B3 and Innosilicon A10Pro is 497.74 yuan and 688.34 yuan respectively.

Chart citation: veryhash.com

Chart citation: veryhash.com

From the 5.79% increase in ETH mining machine prices this week and this week's mining income, it can be concluded that the profit rate of holding an A10Pro mining machine this week is: 13.65%, while the coin price rose by 6.29% this week.

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

Now, due to the large increase in ETH and the fact that the production of ETH machines cannot keep up with the market demand, ETH mining machines are now in a state of being hard to find. There are few merchants selling spot goods in the secondary market of mining machines, and this has also led to a surge in the price of graphics cards. The 2060S graphics card has risen from more than 1,800 yuan at the beginning to more than 4,200 yuan now. But it is still hard to find a machine. Therefore, there is a temporary vacuum in the price of ETH mining machines in the market, and there are not many people who quote. In addition, the new model of Xindong A11 will be launched soon, known as the "ETH King", and the computing power has reached 2G. This is also the first time in the history of ETH mining machines that a mining machine with a computing power of more than G has appeared, but the price is also terrifyingly high, and futures have been sold for 160,000 yuan. But it is still worth people's attention.

In summary, it can be concluded that during the rise in coin prices last week, due to the high correlation between mining machine prices and coin prices, the increase in mining machine prices was not much different from the increase in coin prices. However, since mining machines produce coins every day, the rate of return on holding mining machines is greater than simply holding coins.