Bitcoin ASIC mining rigs remain in short supply. Given the challenges miners are facing procuring rigs, we examined the economics of mining with older -generation rigs, and the payoffs of utilizing older rigs vs. paying up for next-generation rigs right now. Click here to read this latest report from BitOoda’s research team.

Takeaways

The price of ASICs remains high, even for less efficient older-generation S9 and S17-class rigs

Despite this, payback periods mining bitcoin with older-generation rigs are significantly more attractive than with new-generation rigs

Miners should hold on to, or procure (if possible) older-generation rigs, as they present a faster return on investment

present a faster return on investment

BitOoda

A global digital asset financial technology & services platform providing next-gen risk management solutions, best-execution brokerage & expert market analysis.

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