If the cost of a Bitaxe is ~$700 (plus shipping), the breakeven analysis on this is not looking good, even if Bitcoin were to triple by the next halving.
This is a fun hobby project, and one worth supporting, but no one should buy one of these thinking they’re going to make their money back, or make a profit.
Nope, my Bitaxe cost $180, but even so, the return won't even pay for the electricity.
My data centre S19 was profitable until after the halving, but started loosing money from May when we switched it off.
Unless you're doing it at scale with extremely cheap electricity, this is not a money making exercise.
However, if you want to support decentralisation of mining pools, then this is good.
Bitaxe uses the S19 / S21 chipsets from Bitmain, so this still doesn't decentralise their dominance, we need to look at other hardware options in the future.
