World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices

World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices

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by Jamie Redman
The world’s largest producer of application-specific built-in circuit (ASIC) bitcoin miners, Bitmain Applied sciences, has revealed the corporate is providing a reduction on Antminer S19 Professional mining rigs. The 100 terahash per second (TH/s) machine is promoting for $19 per terahash or $1,900 per unit. The Antminer mining rigs are 80% cheaper than they had been 5 months in the past on March 28.
Amid the crypto winter and the crypto financial system’s market capitalization hovering round $927.21 billion, Bitmain Applied sciences has determined to promote its Antminer S19 Professional mining rigs at a reduction. On the identical time, the value of bitcoin (BTC) is down 5.52% over the past seven days and is presently buying and selling for underneath $20K per unit. The cryptocurrency community’s mining problem is at an all-time excessive and the community’s hashrate is coasting alongside in the present day at 223.73 exahash per second (EH/s).
“Bitmain is providing an Antiminer S19 Professional particular low cost for less than $19/T,” Bitmain tweeted on Tuesday. “For bulk orders, please contact [a] Bitmain gross sales consultant straight. Prospects who’ve already bought S19 Professional will likely be eligible for coupons,” the corporate added.
Bitmain’s sale is quite a bit cheaper than the Antiminer S19 Professional’s authentic costs. On March 29, 2022, a buyer may buy an Antiminer S19j Pro with 104 TH/s for $9,984 per unit. The 100 TH/s S19, which produces a barely smaller hashrate than the S19j Professional, is 80.96% cheaper — at $1,900 per unit — than S19 costs 5 months in the past. Decrease costs could also be contributing to the large growth from a lot of operations and Bitcoin’s sky-high hashrate in latest occasions.
This week, the Nasdaq-listed and Gwyneth Paltrow-backed Terawulf (Nasdaq: WULF) revealed its Lake Mariner mining information heart now has 12,000 Mining Rigs working on the facility and quite a lot of Terawulf’s rigs are Antminer S19s. Cleanspark Inc. (Nasdaq: CLSK) has additionally detailed that the crypto winter has introduced “unprecedented opportunities” after it acquired 1,061 ASIC mining rigs at a “discounted worth.”
What do you consider Bitmain dropping the value of the Antminer S19 Professional models this week? Tell us what you consider this topic within the feedback part beneath.
Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising in the present day.

Picture Credit: Shutterstock, Pixabay, Wiki Commons, Bitmain
Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any injury or loss triggered or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.
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