Denver Derivative Bitcoin ASIC Price

This article is to serve as nothing more than a contribution to the bitcoin mining community.

I’m not a mathematician.

I’m not a statistician nor a certified economist.

I’m just a bitcoin miner, a builder, and a freethinker that loves spreadsheets and algebra and, for the last four years, I’ve been trying to figure out a way to properly value bitcoin ASICs at any given time while taking into consideration overall market conditions.

The following is the evolved calculation I have used to determine whether or not I should pull the trigger and purchase an ASIC — or rather this is a calculation that helps me from becoming overzealous and overpaying for hardware. I’ve been inspired to share this by the phenomenal folks in DBF.


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