By the end of 2024, Bitcoin price is expected to reach $100,000! The crypto bull market is back. Bitcoin, the top cryptocurrency, could hit $100,000 by the end of 2024, according to a report by Jeff Kendrick, head of digital asset research at Standard Chartered Bank. By the end of 2024, we could see Bitcoin (BTC) reaching the $100,000 level , as we believe the much-hyped "crypto winter" is finally over. According to Kendrick, Bitcoin could benefit from many factors. For example, recent instability in the banking sector due to the end of the Fed's rate hike cycle and the increased profitability of cryptocurrency mining. As uncertainty persists, Kendrick believes the path to the $100,000 level is becoming more apparent. Bitcoin has bounced back this year, topping $30,000 for the first time in 10 months. However, the crypto industry lost trillions of dollars in 2022 after the Fed raised interest rates. Observers Are Arguing About Bitcoin Standard Chartered isn't the only
Antminer S15 VS T15 profitability comparison
Bitmain’s ASIC Antminer S15 and T15 use 7nm chips and the SHA256 algorithm for hashing.
Antminer S15 and T15 models use two different modes:
· Energy saving
· High performance
In the energy-saving mode, the power consumption of the S15 is only 850W, which is very suitable for use in areas with expensive electricity. On the other hand, the miner power consumption is 1596W under the high-performance model, and the increase in hash rate also compensates for the additional energy consumption.
The only reason you can use ASIC miners in saving mode is to reduce heat and noise.
· Energy saving
· High performance
In the energy-saving mode, the power consumption of the S15 is only 850W, which is very suitable for use in areas with expensive electricity. On the other hand, the miner power consumption is 1596W under the high-performance model, and the increase in hash rate also compensates for the additional energy consumption.
The only reason you can use ASIC miners in saving mode is to reduce heat and noise.
S15 Vs. T15 specification comparison:
Model | S15 | T15 |
Algorithm | SHA256 | SHA256 |
Weight | 7KG | 6.6KG |
Size | 221 x 175.4 x 278.8 mm | 205.15 x 175.4 x 278.8 mm |
The hash in performance mode | 28 TH/s | 23 TH/s |
The hash in power saving model | 17 TH/s | 20 TH/s |
Power consumption in performance model | 1596 W | 1541W |
Power consumption in saving model | 850 W | 1200W |
Chip manufacturing technology | 7nm | 7nm |
Chip name | BM1391AE | |
Quantity of hash boards | 4 | 3 |
Quantity of hash chips | 288 | 180 |
S15 Vs T15 profit comparison:
Estimated Power Cost | ||
Model | S15 | T15 |
Daily Power Cost | $5.36 | $4.03 |
Monthly Power Cost | $160.88 | $120.96 |
Annual Power Cost | $1,957.33 | $1,471.68 |
Estimated Revenue W/O Cost | ||
Model | S15 | T15 |
Daily Revenue | $8.35 | $5.96 |
Monthly Revenue | $250.50 | $178.80 |
Annual Revenue | $3,047.75 | $2,175.40 |
Estimated Profit After Cost | ||
Model | S15 | T15 |
Daily Profit | $2.99 | $1.93 |
Monthly Profit | $89.70 | $57.90 |
Annual Profit | $1,091.35 | $704.45 |
Disclaimer:
The above income statement is a rough estimate based on known miner data. The actual value may be different from the table value. The above table is only intended to provide insights and ideas for those who wish to purchase this.
The above income statement is a rough estimate based on known miner data. The actual value may be different from the table value. The above table is only intended to provide insights and ideas for those who wish to purchase this.
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