Matthew Sigel, head of digital assets research at VanEck, said in a post on X that Bitcoin’s hash rate is approaching an all-time high at 1,038 EH/s, with the next halving set for April 2028. He also outlined the economics for an S21 XP mining machine priced at $3,459. Under his assumptions of $0.08 power costs, unchanged hash rate, and three-year depreciation, Bitcoin would need to average about $100,000 from now until the halving for the machine to break even. To achieve cash payback by the end of 2028, the required Bitcoin price would rise to about $116,000. BTC was trading at $77,500 at the time referenced in the post. The figures frame current mining economics against network competition and the next halving cycle.
ChainCatcher reported that Matthew Sigel, head of digital assets research at VanEck, said in a post on X that Bitcoin’s hash rate is nearing an all-time high at 1,038 EH/s, with the next halving scheduled for April 2028.
Sigel said that for an S21 XP mining machine priced at $3,459, assuming electricity costs of $0.08, no change in hash rate, and depreciation over three years, Bitcoin would need to average about $100,000 from now until the halving for the machine to break even.
He added that Bitcoin would need to reach about $116,000 for cash payback by the end of 2028. BTC was at $77,500 at the time.
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