We analyze the profitability of miners after BTC halving
Soon, the first cryptocurrency is waiting for a serious event. Halving, that is, the division of the coin network into two branches, is carried out regularly and the next halving is scheduled for 2020. Halving is a serious procedure that affects all the details of the cryptocurrency. Including for mining coins. That is why, in order to continue competent work on crypt mining even after halving, you should find out how this event will affect the equipment. After the halving, some ASIC miners will be permanently disconnected from the Blockchain, so let’s discuss which profitability of which particular equipment is at risk. So let’s get started.
How does halving affect equipment?
Let’s start with the theory, considering the reasons why equipment for mining crypto can lose profitability. The fact is that halving affects the complexity of the cryptocurrency system and the price of individual coins. Thus, the ratio of profit and expense. But, since the power consumption of ASIC’s does not change in any way, miners can really be at a disadvantage. Imagine that your equipment will begin to work more, spend a huge amount of electricity, but at the same time will not receive additional income. This is precisely the main threat of halving for miners. However, you should not despair, the separation of the coin system is likely to affect only some models of equipment. But the Bitcoin blockchain adjustments will be felt especially sharply by residents of Europe and North America, where electricity is much more expensive than in Asia.
Which miners to disable?
If you have long thought about updating your own equipment, start your selection today. Have to abandon the old installations. 4 nanometer models are a thing of the past; these devices will not be able to bear the new Blockchain loads. We recommend that you carefully calculate the profitability of each of your miners. Take into account the electricity costs that you pay every month. You can carry out the corresponding calculations on special calculators working in the online mode.
The choice will have to be made in favor of either new miners, for which the characteristic 5 nanometer systems, or in favor of the old classics. Of the reliable miners that will carry halving, you can select Antminer S9K. A proven device will be able to generate revenue even after halving, but this ASIC will not transfer the next blockchain division. A competent miner always saves part of the money to upgrade equipment, so if you have financial reserves, use the deferred funds for the purpose.
What to do with irrelevant miners?
Disabling unprofitable devices is a complex, but necessary step that will bring revenue to a new level and improve your own financial situation. Nevertheless, the question arises – where to put the deactivated equipment? Much depends on ASIC’a itself. If the device is equipped with the ability to switch Blockchain from Bitcoin protocols – install programs and connect a disabled miner to mine new coins. Otherwise, a worthless ASIC can be sold. Having searched a bit, you will definitely find buyers of old or unnecessary equipment for cryptocurrency mining. Craftsmen remodel devices, equip them with the necessary functions and use them for profit.
So, now you know how to prepare for the Bitcoin halving to be held on May 12. We will additionally describe this event in the following articles, so that each owner of the first coin gets an extensive idea of how the separation of the system will affect our work. Follow all the news of the crypto industry with us. We publish only high-quality and unique material. Thank you for the attention. Good luck!