Been GPU and CPU mining, looking into an ASIC. ( Antminer S9 pro perhaps ). I am extremely bullish on bitcoin and believe it will be $ 200,000 + in five years and believe $ 10,000 investment should be paid off in 1 ½ years based on .000058 daily mining at $60K bitcoin.
You based your calculation on the 60k$ for each bitcoin you will earn? it seems that this is wrong because the price of bitcoin is currently around 20k$+ its value is playing in the market today.
1. How many years do these miners usually last ?
Answer: It will only last depending on the overall quality of the unit, or it depends on several factors like the level of maintenance.
But most of the time the life span of the ASIC miner is typically in between 1-2 years.
2. Will the Taproot upgrade make an ASIC like this obsolete or inefficient?
Answer: As far as I know, upgrading most of the time aims to improve the scalability of the bitcoin network by simply making it more efficient
to use complex smart contracts. Therefore, if a taproot upgrade is proposed to upgrade to the bitcoin protocol, it means Asic will
not make obsolete or inefficient. but ofc course it does not change the process of mining, which is still based on SHA-256,
the proof-of-work algorithm that ASICs are optimized for.
3. I should have mined .5 bitcoin by 04/18/24 ( Next bitcoin halving ). Can I assume my daily .00058 BTC will diminish to .00029 BTC for the following 4 years ?
Answer: Your computation is wrong if you based on 60k$ each bitcoin.
4. Will this type of miner be obsolete after the next halving on 04/18/24 ?
Answer: No one knows dude, coz you know the market is too unpredictable and you know also that as well.
5. If Bitcoin reaches 100K-200K and I can mine a BTC in 5-6 years, isn't a $10K investment and $12K in electricity a no brainer investment ?
Answer: In my honest opinion, this could be a profitable investment. But you must always remember that the future price of Bitcoin is very
uncertain. Meaning, reaching 100k$ or 200k$ for each bitcoin is not guaranteed. Although, the majority of the community in this
industry believed in these things. Aside from that, the mining bitcoin difficulty is also increasing, which it can also make it less
profitable to mine as time goes by.