tokeninsight.com 2019Q1 April 2019 REPORT INDUSTRY QUARTERLY CRYPTOCURRENCY MINING For more information, please contact please For information, more more. and research, industry analysis, project diligence, due commercial as such services TokenInsight customized provides Analyst |MichaelZhong [email protected] or visit tokeninsight.com TABLE OF CONTENTS
INTRODUCTION
1 Brief Introduction of Mining Pools and their Hashrate Rankings
1.1 Introduction of mining pools 4 1.2 Hashrate ratings 5 2 Is Mining Profitable at Present
2.1 Payoff periods of low power consumption miners 7 2.2 Prices of popular miners 8 2.3 Static payoff periods of popular miners 9 2.4 Dynamic payoff periods of BTC miners 10
2.5 Payoff periods of alternative coin miners 12
3 Cloud Mining VS Coin Purchasing — BitDeer and VeryHash
3.1 Costs of different cloud mining products 14 3.2 Clound mining VS Coin purchasing cost analysis 15
3.3 Innovative mining: cloud mining + contract hedging 16 4 Is Hedging Necessary When Mining in Bear Market 4.1 Why we need hedging? 17 4.2 How to hedge? 17
4.3 Where to hedge? 18 5 The Prediction on the Growth of Mining Difficulty 5.1 30-50% rise in difficulty and hash rate of BTC mining 19 5.2 30-80% rise in difficulty and hash rate of ETH mining 19
5.3 20-80% rise in difficulty and hash rate of LTC mining 20 5.4 60-20% rise in difficulty and hash rate of DASH mining 20 5.5 300-700% rise in difficulty and hash rate of ZEC mining 21 5.6 100-400% rise in difficulty and hash rate of DCR mining 21 6 Hot Issues 22 tokeninsight.com INTRODUCTION
1. Innosilicon T3 43T is the best low power consumption BTC miner and has the shortest payoff period among cryptocurrency mining machines, considering mining difficulties and the price of Bitcoin price on April 8th, 2019.
2. Given the severely fallen prices of some miners during this recent bear market and the low-cost of electric power, mining at the moment is highly profitable.
3. Taking both mining difficulty and rewards into consideration, the Antminer S17 currently has a relatively higher price and longer payoff period than the Antminer S15, which is the better choice at present. However, if the purchasing price of the Antminer S17 falls, it could be worth consideration. 4. The cost of BitDeer and VeryHash cloud Bitcoin mining are both less than $5,200, which means cloud mining is a better option than simply purchasing crypto. Meanwhile, in fear of a falling coin prices, profits can be ensured with a hedging contracts put into place.
5. Hedging is necessary when mining in a bear market. 6. The new mining regulation set into place by the National Development and Reform Commission, (NDRC), which might result in a large impact on hydro- mining farms during wet season, but only a small impact on thermo-mining.