📊 Today we published the Bitcoin Mining 2024 Review: Trends, Insights and the Road Ahead 🚀
2024 was a landmark year for Bitcoin mining, shaped by the Halving, record-breaking hashrate growth, Bitcoin hitting $100K, historic low hashprice, market cap of publicly traded Bitcoin mining stocks surpassing $50 billion, ASIC miners reaching efficiency sub 1X J/TH and more.
Our comprehensive report, authored by @itsCindyFeng (https://t.co/ALk1Ax5YQK) and myself, dives into:
🔹State of the Network: Blocks mined, 4th Halving, record hashrate growth, and global hashrate trends.
🔹Mining Economics: Bitcoin in price discovery mode, ETFs soaring, BTC holdings, transaction fees spikes and hashprice reaching historic lows.
🔹ASIC Hardware Market: Price dynamics, efficiency gains, standardization, mini miner revolution and overview of all new ASIC hardware releases.
🔹Public Mining Companies: IPOs, M&A activity, AI/HPC integration, Bitcoin treasury strategy, stock performance and investor sentiment.
🔹7 Predictions for 2025.
Proudly sponsored by @NiceHashMining. Thanks @MarkoTarman for making this happen 🫡
📥 Download the full report for free and explore the future of Bitcoin mining: https://t.co/UV3y5ihNdy
Is a more efficient #bitcoin mining machine always the better option when it comes to return on investment (ROI)? You might think so but nothing is straight forward in Bitcoin mining. Let’s look at the ROI in days comparing different scenarios for two popular ASIC models with different efficiency.
In the tables below the return on investment (ROI) in days are provided. These are based on different scenarios with regards to hashprice and kWh rate. The top table shows the ROI of a @BITMAINtech Antminer S19XP 141 TH/s (efficiency of 21.5 J/TH) while the other reflects a S19JPro 104 TH/s (29.5 J/TH). The machine costs ($/TH) are based on the ASIC price index in December 2023.
The green colour shows at which hashprice and $/kWh it makes more sense to buy either a Antminer S19XP 141 TH/s or a S19JPro 104 TH/s. It can be concluded that from a ROI standpoint the XP is the better investment when the electricity fee is elevated and/or hashprice is at the lower end of the spectrum. However, once hashprice is higher than $100/PH/Day your return on investment is faster for the S19JPro at $0,08 kWh and below.
Today is a historical day! We’ve declared that Plant Vogtle Unit 3 has entered commercial operation and is now serving customers and the State of Georgia. The new unit represents a long-term investment in the state’s clean energy future and will provide reliable, emissions-free energy to customers for decades to come.
💎⚒️ Quarry Dynamics: Unleashing the Power of Tokenization in Mining!
🌍 In a groundbreaking collaboration, #Stobox teamed up with @Quarry_Dynamics in spring 2022 to revolutionize the mining industry in Canada.
The mission? Developing and implementing a cutting-edge tokenization solution that would transform the game for investors. 💼💰
💎 Read the engrossing piece by @StoboxCompany to learn the entire story of this innovative idea: https://t.co/4ogiO4ZaUj
#StoboxEcosystem #RWA #Tokenization #RWA