Freedom technology maximalism. Running: Orange Label, Beefcoin, Hood Mining, Words, Guns.Team.
Publisher at Bitcoin Magazine.

Expanding Hashpro(phet)

Over the weekend, I expanded my research on Hashpro(phet). While the line charts are informative, I wanted a comprehensive view of hashprofit in a large table format to identify potential risks in hashrate and price.

To achieve this, I used the same S19j Pro 96t machine and created a table showing hashprofit versus hashrate and BTCUSD prices.

ModelTH/sWattsEfficiency (W/TH/s)Hashcost
S19j Pro Overclocked105310029.52$0.053
S19j Pro Factory96285029.69$0.053
S19j Pro Underclocked74.5190525.57$0.046
This is modeling S19j Pro 96t @ $0.075 kWh

The results align with the previous line charts, but the table is particularly helpful as it clearly shows where profitability lies.

Low Power Mode

Normal Power Mode

Overclocked

Final Thoughts

I’ve discussed this extensively, but it bears repeating: energy cost is the key factor in Bitcoin mining profitability. As shown in the models above, with my power cost of $0.075 per kWh, a substantial increase in BTCUSD price is essential to justify operating the miners, even at lower power settings.

Sure, you can make money at the current hashrate and price, but is it sustainable? Can you withstand a “bad month”? If the price drops, what happens to your hosting contract? What if you’re mining with several kilowatts of power? For a single node, a bad month might mean a loss of around $100, but scale that up to 50+ nodes, and the impact is much more significant.

Before you jump into mining, understand that it is cutthroat capitalism. You are battling nation-states and corporations with unlimited capital financing. Beware and run the numbers.