On September 26, 2024, Bitcoin broke through the 65,000 mark. This is the first time since August 2 that Bitcoin has reached such a key level of 65,000 USD. The price fluctuation has triggered a total of 138 million USD in contract liquidations across the entire cryptocurrency market, among which the short position liquidation of BTC amounted to 37.18 million USD.
Although the long positions of BTC players are currently profitable, 65,000 USD is a short-term resistance level. If it fails to continue breaking through upwards, a significant drop may occur. Although most experts believe that the bearish factors for Bitcoin have long been exhausted, the bitcoin is just waiting for a sufficient reason to let this bull run, but the short-term rise and fall are indeed not easy to predict. Perhaps this unpredictability is also one of the reasons why people love Bitcoin.
However, for miners, investing in the mining of Bitcoin lacks a bit of excitement but adds a sense of security. Regardless of market fluctuations, investing in Bitcoin through mining is a relatively risk-free method, especially when the cost of electricity during mining is low enough. Mining Bitcoin is definitely one of the most tempting investment projects in the world. In many parts of the world, some miners can enjoy electricity at a rate of 2 to 4 cents per kWh. A prime example is the United Arab Emirates, where the country has an extremely abundant supply of electricity, and its citizens can mine Bitcoin at a price of 1.2 cents per kWh. The most suitable ASIC for these miners is undoubtedly the WHATSMINER M50.
The WHATSMINER M50 features a low total cost, fast payback, low shutdown coin price, and heat resistance. This miner was released in 2022, with a hash rate of 110-120T and a power consumption of about 3360W, and an energy efficiency ratio of 28-29J/T. It has an excellent cooling system that ensures the machine maintains a stable temperature during long periods of high-intensity operation, increasing its service life and reducing the risk of downtime. The WHATSMINER M50 mines approximately 0.0000888 BTC per day. The current selling price of the machine is under 1000 USD, and when you have electricity at 2 cents per kWh, its shutdown price is below 20,000 USD. When the coin price is 65,000 USD, the payback period for the M50 is about 250 days. This machine is currently in high demand. If you are bullish on the M50, be sure to act quickly!
Welcome to inquire about various models of BTC ASICs from us. We are currently selling various energy-efficient and priced professional miners such as the ANTMINER S21 series and WHATSMINER M50 worldwide. Please contact us to get the most suitable mining solution for you!Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.
BITMARS 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!
