Mining machine price market weekly report (2021.1.9-2021.1.15)

Original title: Hashrate Market Weekly Report (2021.1.9-2021.1.15)

About BTC hashrate market

Summary: BTC prices fell this week, and mining machine prices also fell, but holding BTC mining machines is more resistant to price drops than holding coins this week.  

1. BTC price changes

As of the date of publication on January 15, the price of BTC fell 8.72% from January 9, 2021 to 36754.67U, reaching a low of 30100U, with the highest decline reaching 25.23%.

Chart citation: veryhash.com  

2. Changes in BTC mining machine prices

As of the date of publication on January 15, 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 a downward range throughout this week, and the prices of mining machines have 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

4. Changes in S19’s revenue in Veryhash this week

Chart citation: veryhash.com  

As can be seen from the chart, the price of computing power in Veryhash also slightly fell this week, with a drop of 13.79%.

From the 8.82% drop in BTC mining machine prices this week and this week's FPPS, it can be concluded that the loss of holding S19 mining machines this week is: 6.04%, while the coin price fell 8.72% 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 slightly adjusted back compared to last week. From the statistics in the above figure, we can see that the daily gross income of each S19Pro, S19, and M30S is: 190.31 yuan, 164.36 yuan, and 152.25 yuan, respectively, and the corresponding payback period is 296 days, 298 days, and 291 days, respectively. It can be concluded that the current payback period of mining machines has begun to gradually return to the normal period of 250-280 days compared to last week. Although the price of mining machines has adjusted back now, due to the large retracement of the currency price this week, there is not much trading volume in the market now, and most people are in a wait-and-see state.

About ETH hashrate market

Summary: This week, the price of ETH has slightly rebounded compared to last week, and the price of mining machines has also rebounded, but the resistance of holding ETH mining machines this week is stronger than holding coins.

As of the publication date on January 8, 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 TC 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 fell by 8.44% this week, and the daily gross income of each Wolf God B3 and Innosilicon A10Pro is 268.79 yuan and 351.87 yuan respectively.

Chart citation: veryhash.com  

Chart citation: veryhash.com  

From the 8.45% drop in ETH mining machine prices this week and this week's mining income, it can be concluded that the loss rate of holding A10Pro mining machines this week is: 5.21%, while the coin price fell 8.44% this week.

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

The price of Langshen B3 fell by 12.06% compared with last week, and the price of Xindong A10Pro fell by 8.45%. The payback period of Langshen B3 and Xindong A10Pro is 190 days and 185 days respectively. Although it has dropped compared with last week, it is still within the reasonable payback period of ETH mining machine, which is 150-200 days. Although the price has dropped now, there are fewer buyers and sellers in the market because the sellers are still optimistic about the long-term rise in the price of the currency and believe that the mining machine will also rise, and the buyers are afraid that the price of the currency will still have a certain correction. So now the overall market price has dropped and the trading volume has dropped a lot.

In summary, it can be concluded that in last week's coin price correction, due to the high correlation between mining machine prices and coin prices, the magnitude of the mining machine correction was not much different from the coin price correction. However, since mining machines produce coins every day, holding mining machines is more resistant to declines than holding coins.