November Miner Margin Report: Hashprice Down 9.3% This Week
Weekly miner margin report for November 1: hashprice fell 9.3% to $32.91/PH/day, break-even by machine and next week’s calendar.
What a miner really earns and what it really costs. Break-even $/kWh, hashprice, difficulty, depreciation and tax, farm and hosting costs, and why revenue can fall while the coin price rises.
Weekly miner margin report for November 1: hashprice fell 9.3% to $32.91/PH/day, break-even by machine and next week’s calendar.
The Canaan Avalon Q is the more efficient machine and the wrong buy for almost everybody: $22.21 a terahash against the refurbished S19 XP’s $4.96. What the premium really buys is a 120 V circuit and a lower noise floor.
One new Antminer S21 Pro 245T costs the same as ten used S19k Pros once freight is counted. We ran both baskets on our own shelf prices and a chain snapshot taken this morning, and the window where the new machine is the better buy turns out to be 0.49 cents per kilowatt-hour wide.
Two used Antminers on the same shelf, $320 apart. The XP is 7% more efficient and 23% denser, and for most buyers it is still the wrong one. The arithmetic, the crossover, and the two sites where paying double is right.
Used wins only where power is cheap enough that a 34 J/TH machine still clears its bill. The two gates that decide it, a crossover calculation that needs no Bitcoin price, what actually fails on a used Antminer at our own shelf prices, and the one-line rule for when not to repair.
A boosted Antminer S19 is $130 cheaper than an S19k Pro and burns about 816 kWh a month more to mine slightly less. Break-even, payback and the two-cent crossover, worked out on both machines.
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