Mining machine price market weekly report (2021.1.2-2021.1.8)

Original title: Hashrate Market Weekly Report (2021.1.2-2021.1.8)

About BTC hashrate market

Summary: BTC prices continued to rise this week, and mining machine prices also hit a new high. This week, the income from BTC mining machines exceeded the income from holding coins.

1. BTC price changes

As of the date of publication on January 8, the BTC price has risen by 24.03% from January 2, 2021 to 40,582.81U.

Chart citation: veryhash.com

2. Changes in BTC mining machine prices

As of the date of publication on January 8, the top three BTC mining machines in terms of profitability are still: S19, S19Pro, and M30S.

Chart citation: veryhash.com

This week, the BTC price is in an upward range, and the prices of mining machines have increased significantly compared with last week. S19 has increased by 78.43%, and S19Pro has increased by 89%.

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 has also increased significantly this week. The increase reached 29.95%. From the 78.43% increase in the price of BTC mining machines this week and the FPPS this week, it can be concluded that the profit rate of holding S19 mining machines this week is: 81.72%, and the price of the currency has increased by 24.03% 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 risen significantly 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 332 days, 310 days, and 305 days respectively. It can be concluded that the current payback period of mining machines is higher than the original payback period of 250-280 days. However, now that most of the mining machine spot and January and February futures have been sold out, and the coin price has continued to rise, the market sentiment to buy mining machines is higher than last week.

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 hit new highs. This week, the income from ETH mining machines has exceeded the income from 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 BTC mining machines in terms of logic, and both are affected by the rise in the price of the currency and the supply of mining machines. As can be seen from the figure, the price of ETH has risen by 18.8% this week, and the daily gross income of each Wolf God B3 and Innosilicon A10Pro is 172.39 yuan and 225.68 yuan respectively.

Chart citation: veryhash.com

Chart citation: veryhash.com

From the 47.92% 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: 53.63%, while the coin price rose by 18.8% 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 has increased by 30.95% compared with last week, and the price of Xindong A10Pro has increased by 47.92%. A10Pro has been shipped this week, so the mining income of A10Pro is worth looking forward to. The payback period of Langshen B3 and Xindong A10Pro is 183 days and 181 days respectively, which is within the reasonable payback period of ETH mining machine 150-200 days. Considering the current supply situation of less than demand, it can be analyzed that ETH mining machine may continue to have a significant increase in the future.

In summary, it can be concluded that in the current high-speed rising market, due to supply reasons, the increase in mining machines is greater, and the income from holding mining machines is far greater than the income from holding coins.