January was a very interesting month for Bitcoin and Bitcoin Mining. There has been issues with power in Kazakhstan. But at the same time the Hash Rate increased to record levels and so did the mining difficulty. And at the same time Bitcoin price was swinging like crazy. I was really busy at my regular job, so I couldn’t write my thoughts on those topics. Going forward I promise to be more up to speed.
Bitcoin Miners Purchases so far
I did not purchase any more miners since last year. Right now I feel comfortable with my investment in these miners. And even though I believe the BTC price will recover, this is as much as I want to invest right now. So the purchases did not change since last update.
Wattum:
- 10 x Avalon 1246 – Live December 15
Zionodes:
- 1 x S19 95 TH – November 23
- 7 x S19 95 TH – November 24
- 4 x S19 95 TH – December 04
- 2 x S19 95 TH – December 29
Bitcoins mined in January 2022
BTC mined in January 2022: 0.346 BTC
BTC value when mined: $14,329
BTC value now (February 10th 2022): $14,942
Bitcoin price continued its decline that started in December. In January 2022 it went from $47k to $35k on January 22nd. This was the lowest price since July 20th 2021, when China banned Bitcoin mining. Fortunately after January 22nd the price started to recover and reached $43k today on February 10th. That is the reason why the current value of my mined Bitcoins is now higher than what it was when I mined them.
My Bitcoins mined life time since November 2021
BTC mined: 0.593 BTC
BTC value when mined: $26,727
BTC value now (February 10th 2022): $25,629
Due to the high Bitcoin prices in November and in December, overall I am still worse than if I was selling Bitcoins the day I mine them. However the difference is very small, only about $1,000 at this moment.
Generally I am so far very happy with the results. Most of my miners have been live just over a month. And I have already reached 10% ROI. Even though we experienced huge difficulty increase 4 weeks ago, the difficulty didn’t change 2 weeks ago and should either decline or keep stable in 10 days from now. I consider mining difficulty the most important factor for mining ROI and every adjustment that it grows below 2% I consider a blessing.
January 2022 blog posts and other news
As mentioned before, January was very busy for me so I did not have as much time as I wanted to spend on this blog. I will be definitely more active going forward
- I did a short analysis on profitability between ViaBTC and F2 Pool. Thanks to lower fees, F2 Pool is definitely the winner here if maximizing profit is the most important factor for you.
- Even though Kazakhstan had sever power issues, and hosts 20% of total Bitcoin hashrate, these power issues did not cause the difficulty to drop.
Thank you for sharing
Good stuff – I’ll continue to follow your updates as your reddit reviews of Zionodes turned me on to them!
I did similar pool analysis using 2 S19 miners and found that sbicrypto.com produced best results with no fees FPPS and daily payouts no minimum production threshold. Check them out sbicrypto.com