The Bitcoin market atmosphere in 2024 can be roughly divided into three stages. In January, the market was still in a bearish slump with prices below $40,000, as people waited for a dawn in the monotonous darkness. In February, the market began to heat up, especially after the entry of the Bitcoin ETF, which caused prices to soar, reaching a new historical high of $73,000 by April, just before the halving, filling the market with an optimistic air of everyone making money. After the halving on April 20th, people’s emotions became more complex; some said the bull market was over, while many believe this “restraint” in price is setting the stage for a greater surge.
SC MINER belongs to the optimistic camp, believing that a bigger bull market is likely in the latter half of the year, but whether it happens tomorrow or in 100 days is anyone’s guess. Like SC MINER, the majority of the market is optimistic, as evidenced by the fact that the total network hashrate did not significantly decrease after the halving. This indicates that miners are willing to continue mining, even at a loss, believing firmly that a bull market is inevitable.
It is with the belief that a significant bull market is soon to come that many miners are currently still expanding their capacity, hoping to mine more coins before the bull market explodes. In light of the current special situation, SC MINER strongly recommends the following machine to those miners who have access to low-cost electricity. Although it’s not one of those low energy-efficiency “cool boy,” it is definitely the most cost-effective, reliable partner.
If you have access to electricity costing less than 4 cents per kilowatt-hour, consider purchasing the WHATSMINER M50. Despite its 120T hashrate and 3400W power consumption achieving an energy efficiency of 28J/T, under a 4 cents electricity rate and a $1000 machine cost, it only needs about 300 days to break even, producing about 0.0000996 BTC per day. Additionally, this machine’s shutdown price is around $55,000, which is a quite safe shutdown price currently. Compared to the ANTMINER S19, the M50’s value becomes clearer. Under a 4 cents electricity rate, the S19 might break even faster than the M50, but the S19’s shutdown price is about $68,000. This means that even with normal price fluctuations, the S19 often can’t earn back its operational costs. However, if you purchase the M50, you can mine more confidently without worrying about the price dropping below $55,000.
Any calm and rational investor can see that the WHATSMINER M50 might not be the machine for everyone, nor is it designed to traverse both bull and bear markets. However, for those with access to low-cost electricity, it could be the safest and most cost-effective BTC ASIC to help you make money in the latter half of 2024.
If you happen to be one of those miners with access to low-cost electricity, we strongly recommend purchasing the WHATSMINER M50. We welcome you to consult with SC MINER about this machine or to purchase it directly.
Finally, SC MINER would like to remind everyone that all investments carry risks, so decisions should be made cautiously.
SC MINER is an internationally renowned crypto miner trading company. We provide comprehensive, professional, timely, and cost-effective miner purchasing and hosting services to maximize your wealth!
SC MINER is the world’s most renowned international mining equipment trader and a major agent for manufacturers such as Bitmain and Goldshell, with the advantage of priority sales. SC MINER’s sales team has been serving miners in dozens of countries globally since 2017, with sufficient experience and outstanding integrity to maximize your wealth!
