Hey everyone,
I've been seeing that Bitmain and Canaan are starting to offer spot buying right on their site. The prices are way lower than they were just a few weeks back, especially for Avalon gear, with discounts hitting as high as 51%.
I get that asic devices are usually hard to come by, so it’s weird to see factories pushing them so aggressively. Does this mean there's less demand out there?
What are your thoughts on the future of asic mining?
Do your cost impact and rate of return take into consideration difficulty growth with your ROI time frame, then look at the noise and heat impact as well.
I do both gpu rig and asics, I do pools and solo on the gpu rigs, time it right and the overall investment on gpus outperforms the roi from asic investment on a apple to apple comparison based on the amount paid for a single asic purchase value in comparison to the same value being put into gpus.
Also the probability of seeling a gpu is much higher than asics as they can be sold easily for gamers and or miners getting in with budgets.
The asics is really a fire and forget situation, the gpus are like that once you have fine tuned your overclocks for efficiency and hashrates.
Spend some time in learning the pool mining and solo mining for gpus then factor that against an asic mining on a pool.
It took me more than 2 years to fully understand this.
This is a good set of info.
I will add that if you want to buy some avalons be able to buy 4 not 1.
Buy 1 or 2 now and buy 1 or 2 later and maybe buy 1 or 2 after that.
this is a dca method (dca is dollar cost average)
the worst thing you can do is buy 4 avalon shoot the load and then have them drop even lower.
Back in 2018 I grabbed l3+ from bitmain I dca purchased 12 of them the price kept dropping I kept buying 1 or 2 say 1300 all the way down to 500 a unit.
I made a ton of money on these when doge mooned.
If I jumped in at the first price drop I would have got maybe 6 or 7 I ended up with 15 from them and later when price dropped more I got 10 more . So dca was great for me.
Note I gave you a merit with my philipma1957 account
Fewer buyers at those exaggerated prices, you can check the prices when the s19 and s19pro were launched , around 3000$ for the pro and at that time users said it was too much.
The current prices don't reflect the price of the gear itself but the revenue it will bring, and with the income per TH/s dropping from 30 cents a year ago to 13 about now, it's obviously not so many wanted gear that would ROI in 3+ years.
Anyhow, back to your main question, nobody will be able to give you an answer if they don't know, how much you pay for kwh, how much power you have available if you pay 2cents for example, how much money you have to invest, you have a place for those miners or you're going to mine at home?
If the first answer is 20cents/kwh or more I say forget about it.
I would say 14 cent or lower and be in a cold weather place so the heat has some value in the winter.
I am 17 cents in summer and cooling the gear costs 2 or 3 cents say 20 cents jun to sept
I am 14 cents in the winter and the heat from the gear is worth 3 cents so say 11 cents oct to may