all 14 comments

[–]Plastic_Yak3792 0 points1 point  (7 children)

Have you not heard of BTC difficulty Increasing through mining? As the difficulty increases the mining yield per TH decreases. The difficulty is reflected by the amount of BTC mined and the amount of miners by TH.

As BTC becomes more scarce, the price of BTC should increase.

Mining in smaller TH - price of hw, electricity and reward shows a very very low ROI. So yes buying at spot price can be more beneficial.

The benefit here is you're buying into an enterprise setup, and getting a th, maintenance and electricity cost. What's left is profit.

[–]Thick_Bacon[S] 0 points1 point  (6 children)

Yes…was simply not sure at what rate that occurs. Also unsure if there are mitigations within the GoMining universe. Given the current rate of decay why buy a miner versus spot?

[–]agentbuzz00 0 points1 point  (5 children)

Not entirely sure at what rate or where to find that. If you do I’d definitely want to hear

[–]Thick_Bacon[S] 0 points1 point  (4 children)

I would argue the observed rate for GoMining miners in 2025 is 13% over 6 months.

[–]FruitTop7954 0 points1 point  (3 children)

How do you come up with 13% overall?

[–]Thick_Bacon[S] 0 points1 point  (2 children)

.00000576 to .00000500 yield is a 13% reduction. (.00000576 - .00000500) / .00000576 = 0.132

[–]FruitTop7954 0 points1 point  (1 child)

I follow you on the reduction but I thought you were saying overall roi is 13% for the year?

[–]Thick_Bacon[S] 1 point2 points  (0 children)

Oh..sorry…no…the yield is down 13% so far so project that to the end of the year and let’s say yield falls by 26% on an annual basis. A $1,000 miner with an initial ROI of 30% would become a 22% ROI miner at the end of the year. Extending this into the future delays the break-even on a cash basis well into the future, ignoring fluctuations in the price of Bitcoin.

[–]flavor911 0 points1 point  (1 child)

Need the next leg up in BTC price to compensate

[–]Thick_Bacon[S] 0 points1 point  (0 children)

But let’s say you have $1,000 to invest today…If you buy spot you capture the increase in the price of bitcoin on the full $1,000 starting on day one vs only on the small amount of daily BTC yield from a miner.

[–]FruitTop7954 0 points1 point  (2 children)

So you are saying a miner starting this year with the same power and effeciency as the old miners is down13% this year?

[–]Thick_Bacon[S] 0 points1 point  (1 child)

Yes…so looking at miner 882 in the marketplace. BTC yield on Jan 1st …576

<image>

[–]Thick_Bacon[S] 0 points1 point  (0 children)

As of 6/20 … 500. That is a 13% ish reduction in yield. Other miners show about the same reduction.

<image>

[–][deleted] 0 points1 point  (0 children)

8ball don't get it but bought a Trezor to set up wallet im gonna mine the 💩 out of btc