How the Bitcoin halving has changed things! And can mining it still be worth it? EPIC analysis!

How the Bitcoin halving has changed things! And can mining it still be worth it? EPIC analysis!

all right it’s been 12 days since the Bitcoin halving where we saw the block reward cut in half for all miners so I figured let’s sit down today and have a look at stuff like the Bitcoin price now after the haling the network hash rate and how that’s doing and I’ve also made a quite in-depth spreadsheet with all of the Bitcoin Asic miners that are currently available that we’re going to have a look at as well to compare efficiency value for money and of course profitability now after the halving and quickly before we jump into that I just want to tell you about the giveaway I’m doing for all of you guys to sort of say thank you for you know reaching 100,000 subscribers here on the channel I’m doing this giveaway together with coin money Central and I really hope all of you get a chance to enter in the giveaway it’s completely free to enter it’s worldwide so you really have no reason for not entering so I’ll put the link to that giveaway down in the pinned comment below this video and I’m just going to give you a few seconds now to go and open that in a new tab so that you don’t forget to enter all right did you do it all right cool now let’s jump into the current state of Bitcoin mining starting with uh let’s look at the Bitcoin price right so I have it up on my screen here uh this is the Bitcoin price as of you know the last whatever few couple of weeks here you can see the uh or actually about a month I reckon uh the blue line here is where the halving happened so you know we saw a little bit of a dip before the haling a little bit of a pump after and you know we’ve seen a little bit of a drop in price since then now I want to say that like you know bitcoin’s price goes all over the place all of the time I wouldn’t necessarily worry about that you can even see that like since this dip about a day ago it’s already starting to recover I mean what’s bitcoin price going to do in the future no one can really know because no one can tell the future but I just want to say and not Financial advice but uh we do have this chart here which looks at the sort of haling event for every time a haling event has happened and then you just look at Price sort of Prior and after that event um and as you can see here um price seems to always tend to go up after the haling you know in the following you know 500 Four 4 to 500 Days is usually well so far where we’ve seen the the Top If you will uh after the Hing and we are current we are the red line right now so we are currently here the Hing has just happened and yeah it if history were to repeat itself you know we we’re going to be going up again not Financial advice but this is just what history has looked like right I also think we should look at bitcoin’s and network hash rate because I think a lot of people expected it to drop off a cliff after the halving but that hasn’t really happened uh the I guess the halving was about where was it let me find it here so if anything it’s just kind of been naturally fluctuating I mean maybe some of you might argue that like what we’re seeing here is the start of a drop off maybe that’s kind of I I mean I guess time will tell uh of course why this is uh relevant to us miners is because you know the lower the network hash rate means more rewards for everyone and and with the rewards having been cut in half because of Behaving any more rewards we can get is is good right but of course the bulk of this video is going to be this uh massive spreadsheet that I’ve been putting together for you guys I’m going to link it down in the video description so that you guys can have a closer look at it if you want but I think let’s just jump right into it and and I’ll walk you through what it is and what it does um basically I’ve put all the sort of currently available uh Bitcoin miners here and I’m just comparing them so you can see here if you are in the market to pick up a Bitcoin miner then I’ve put the sort of price that they are here at coin man Central which is my trusted Asic reseller and the one that I always recommend you guys use now uh they have provided me a discount code so if you do want to go and buy a Asic from them uh you can find the discount code here it gives you $125 off roughly and you can see I’ve listed all of the prices you know as they would be after using that discount code as well as affiliate links to all of these miners here so if you are going to buy a Bitcoin Asic and you do so through these links you know the channel here does get a small commission at no extra cost to you and I’m really grateful for those of you who do do that as it helps me you know be able to keep making free videos like this one now enough chattering let’s just get down into the numbers right so as you can see here um I got everything listed here from the you know brand new bitmain S21 Pro uh which is the the Big Daddy Miner right now right 234 terahash at 3510 Watts for an efficiency of 15 watts per terahash but it does come in at a pretty hefty price tag of $235 per terahash so basically what everything always kind of tends to come down to when buying mining h Hardware is where do you fall on the sort of line of you know how much do you prioritize value for money AKA you know dollar per hash or how much do you value power efficiency you know AKA watts per hash because usually how these miners are priced are if they are less power efficient they tend to be cheaper per hash and if they are more power efficient they unfortunately tend to be more expensive per hash and as you can see here I’m comparing all of them on those two criteria here you can see all of them are rated sort of on a watt per terahash and a dollar per terahash scale here and of course the darker the green the better and the lighter the green the worse right and for those of you who are more looking for like a score I’ve done that as well uh where it’s the exact same result it’s just instead of you know having the actual numbers here it’s just a score between 100 and zero where 100 is you know the best in the spreadsheet which would be for efficiency the S21 Pro so that gets a score of 100 and then zero is zero and then all of the uh the other as6 are scored on the scale according to that so for uh worst in terms of efficiency you have the wat minor m21s which gets you know it uses 62.2 watts per ter has and that gives it a score of 24.1 in relation to you know the B main S21 Pro which gets a score of 100 in terms of efficiency and then same for you know um value for money score which also again between zero and 100 where of course the other Miner which scored the worst on efficiency scores the best on value for money because you get a lot of hash rate for very cheap buying that minor and basically what those two scales boil down to for you is kind of if you’re worried about profitability at all of course the lower your electricity price is the more you can sort of priori size value from money in terms of dollars per hash and the higher your electricity price is the more you kind of need to um prioritize uh Power efficiency because otherwise all of your mining profitability will just be eaten up by your power cost but now the main thing that I wanted to get at when making this spreadsheet was uh actually these two sections here so first we’re just looking at the current Daily Mining Revenue AKA how much money does this does Miner make if you were to sell all of the Bitcoin it mines at today’s coin price so you can see that for all of these miners here with of course the um bitmain S21 Pro making the most with roughly $10.60 right now and of course this is highly related to you know what bitcoin’s price is and as well as the network cash rate but what I think you guys might find more interesting is this row here which is the highest profitable power rate and what this means is this is the sort of if if your power price is higher than this this minor isn’t profitable and if your power price is lower than this then the minor is profitable you know at the current Network hash rate and at the current bitcoin price and as you can see here it isn’t looking great if you’re very worried about profitability then you know you better make sure you are under 13 cents per kilowatt hour right now because yeah you can see here even the the cheapest one here right the m21s that’s not profitable above 3 cents per kilowatt hour right now and of course with the you know the Big Daddy the S21 Pro that’s you got to be under 13 cents per kilowatt hour still which I believe is already under the sort of middle average in you know American homes so so at home Bitcoin mining right now not looking super profitable if that is something you’re worried about of course you could also be hosting and then you’ll usually get a power rate which is significantly lower than 13 cents per kilowatt hour it’s usually off the top of my head I think many hosting facilities have around 8 to 9 cents per kilowatt hour now just a little quick talk about profitability here before we look at the last section which of course is what we mean with profitability is basically do you get more coins through mining than what you would have if you just took the amount of money that you would spend on Power and you just outright buy the coins for that amount of money now I did talk kind of in depth about this in my pre videos I’ll keep this brief but in my mind that is never a fair sort of comparison because when you’re mining especially if you’re in the market for a straight up Bitcoin Asic Miner you are probably doing that within an LLC or something like that which means not only is purchasing the minor a you know an you can expense that within your LLC and it’s a tax write off and all of those things but also the power should be an expense right a tax write off but also not only that if you’re comparing that to buying crypto you know you’re going to have to pay yourself out of your LLC which you’re going to have to pay some sort of income tax usually you know not tax advice not Financial advice it works a little bit different in you know different states different countries but you’re going to have to take you know post taxed money before you can purchase crypto so if you’re comparing Mining and paying that electricity you know with pre-taxed money that you can expend SP within your LLC versus taking money out taxing that money and then purchasing crypto for that money it’s not really Apple apples so that’s why I’m a little bit you know profitability numbers are a little bit misleading but anyway rant over let’s move on all right I’m actually recording this bit a few hours later because that rent you just sat through actually inspired me to make this spreadsheet a whole lot better for you guys so basically what I have added here is the ability for you guys to enter your own scenarios your own hypothetical scenarios into the spreadsheet and then see how that would affect these miners in terms of profitability and Roi so what you’re able to do now is you can enter your own uh personal power price uh how much you expect the uh Bitcoin Network hash rate to grow each month and also uh what you expect to be able to sell your Miner for when you are done mining with it so for example if you believe you’ll be able to sell your Miner for half the price you bought it for you enter you know 5x like this if you believe you’ll be able to sell the minor for twice what you bought it for you would put two in here and so on I’m going to leave it at. 5x for now and then you can also enter here how long you are going to want to be mining for with this Miner now we’re all talking you know hypothetically here of course and you also have these blue Fields here that you don’t need to touch uh they fetch data automatically so what the current bitcoin Network hash rate is what the coin price is and also what the yield in terms of how much Bitcoin do you get per Tera has per day now what these four uh Jello Fields here that you can adjust effect are the results in these two sections down here so the first section here is basically for those of you who are concerned with daily profitability and you do want you know your minor to be you know quote unquote profitable I already had that whole rent and you know you’re you’re very welcome to disagree with with my opinion there we can have different opinions and that’s fine but for those of you who are concerned with daily profitability basically what these sections here are is what Bitcoin price is needed to be for for each of these miners to be profitable at your specified power price here now this s say here only takes into account the sort of current situation so current Network hash rate and so on and it says you know what bitcoin price is would be needed for these miners to be profitable for you that what’s the lowest bitcoin price where it would be profit able so as you can see here with the specified uh Power price of 15 cents per Kow if we go with the bitmain S21 Pro here bitcoin’s price would need to go back up to around 70,000 which is about a you know 18% increase from where bitcoin’s price is now in order for this thing to be profitable at your power rate but if we lower the power rate down here to let’s say if you’re on 10 cents per Kow hour Bitcoin can actually drop further down to about just under 47,000 and this minor would still be profitable and that’s a drop of about 21% from bitcoin’s current price and if you’re at an even cheaper rate like let’s say you’re hosting at 8 cents per Kow hour you know Bitcoin could further drop all the way down to $375,000 and this uh S21 Pro would still be profitable for you but let’s stick with 15 cents per kilow hour here and let’s move on to instead this next section here which this is the sort of uh even more advanced section advanced in terms of you know the calculations that I’m doing here it’s still pretty easy to wrap your head around but this takes everything into account right so basically what this section is here is if you get one of these miners let’s again go with the S21 Pro and you have your specified power price here how much you expect the network hasher to grow each month how much you expect to be able to sell the miner for and also how long you will be mining for taking all those circumstances into account this gives you a sort of hypothetical of course hypothetical result of what price uh Bitcoin needs to hit after those 500 Days in order for you to if you sell at that price you will have completely rwi you know your your whole uh minor as well as the power power of having ran that minor for 500 days so basically if we again take the S21 Pro here as the example if you buy that now for $552 3.89 and you run that for 500 days and your power price is 15 cents per kilowatt hour and you expect bitcoin’s Network hash rate to grow by 15,000 Peta hash per month which that’s the sort of average uh net hash growth from the past three years then what that means is if after 500 Days of mining with this thing at your power price and with this net hash growth and all of that stuff taken into account uh if bitcoin’s price at that point is above 122,000 roughly or about a you know 2x in terms of coin price from now then you will have ryde this minor the like this purchase and running this minor has been a profitable investment for you so you can see here how um you know these different miners Stack Up in terms of you know everything being taken into account like that uh for example the m21s at 15 cents per kilowatt hour and all of these other things taken into account bitcoin’s price needs to do more than a 6X in terms of coin price but for the S21 Pro only a 2X is needed now if we have very very cheap power something like 2 cents we can can see that then uh you know things change quite dramatically and even this you know very you know relatively speaking inefficient Miner bitcoin’s price could still stay at basically where it is now and you would still Ry on this Miner after 500 Days of mining with it and that’s including um the power price and the price to to uh buy The Miner and so on but I don’t want to ramble on for too long because I think those of you who are interested would rather just open the spreadsheet and have a deeper look yourself so again link to the giveaway is in the pain comment link to the spreadsheet will be in the video description over here will be a video on how anyone can run you know fullsize Asic miners like the ones in the spreadsheet at home without any issue of noise heat or power and below that I’ll put a video explaining this giveaway that is still active for a few more days so I’ll see you there thanks for watching

In this video I sit down to have a look at the aftermath of the Bitcoin block reward halving that just occurred. Of course the impact hav ebeen significant for at home miners and Bitcoin mining in general, so I take a closer look at Bitcoins price and network hashrate. However, the bulk of this video is made up of going through all the currently available Bitcoin ASIC miners, and looking at what the mining profitability for those now after the halving.

Please note: this description contains affiliate links, which means if you make a purchase through those links, the channel gets a small commission at no extra cost to you. Using these links helps support the channel, thank you!

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None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is for entertainment purposes. You do things at your own risk & are responsible for your own actions. Do your own research.

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📼 𝗩𝗜𝗗𝗘𝗢 𝗖𝗢𝗡𝗧𝗘𝗡𝗧
00:00 Bitcoin halving aftermath – Introduction
00:23 Please enter my mining giveaway
00:58 Bitcoins price now after the halving
01:45 What is going to happen to Bitcoins price now?
02:32 Bitcoin network hashrate
03:16 Best Bitcoin miner spreadsheet
04:30 Bitcoin ASIC miners compared
04:54 Power efficiency vs value for money explained
05:27 All miners scored on efficiency & value for money
06:50 Should you prioritise efficiency or value?
07:14 Current profitability & highest profitable power price
09:07 Why mining profitability is misleading
10:42 How to use the spreadsheet
12:08 Can Bitcoin mining be profitable at your power price?
13:58 Conclusion – Will these BTC miners ROI for YOU?

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