S21 XP vs S23 upgrade math worth the infrastructure costs?

[1m0bPsYch0]

The concerning trend I'm seeing across the industry is diminishing returns on efficiency improvements while infrastructure costs continue escalating. We're approaching physical limits of silicon efficiency but cooling/power delivery requirements keep increasing exponentially. The next generation may require even more complex liquid cooling or immersion systems. From a capital allocation perspective, miners might generate better returns diversifying into ai compute during low bitcoin profitability periods rather than chasing marginal efficiency gains that get offset by difficulty adjustments.
The real question is whether pure bitcoin mining remains viable longterm or if hybrid operations become necessity for survival.

 

[goldkingcoiner]

The concerning trend I'm seeing across the industry is diminishing returns on efficiency improvements while infrastructure costs continue escalating. We're approaching physical limits of silicon efficiency but cooling/power delivery requirements keep increasing exponentially. The next generation may require even more complex liquid cooling or immersion systems. From a capital allocation perspective, miners might generate better returns diversifying into ai compute during low bitcoin profitability periods rather than chasing marginal efficiency gains that get offset by difficulty adjustments.
The real question is whether pure bitcoin mining remains viable longterm or if hybrid operations become necessity for survival.

or maybe stop overthinking it and realize bitcoin mining is becoming dominated by corporations with unlimited capital who can afford infrastructure costs. small miners getting squeezed out by design. bitmain doesnt care about your roi they care about selling expensive gear to institutions

 

[dpp00]

in our region many miners switching focus to heating applications during winter months. liquid cooling allows better heat recovery compared air cooled systems. even if pure mining roi questionable the heating value can justify infrastructure costs in cold climates

 

[philipma1957]

good point about heat recovery though my facility in nj doesnt need that much heating most of year.
might make sense for operations in colder regions but still need run numbers on heating value vs infrastructure costs